$BIDU To test prior highs?

$BIDU To test prior highs?


May 2023


Alex Cole

$BIDU is still in a “NoGo” trend but showing signs of life.

GoNoGo Trend is painting weaker pink “NoGo” bars and price has rallied off the lows from earlier this month.  In doing so, price has pushed above a level that has served as support and resistance already in the chart.  This is the concept of polarity at play.  We also see that GoNoGo Oscillator has broken out of a GoNoGo Squeeze into positive territory which is encouraging if you are looking for trend change.  Remember though, that the weight of the evidence still suggests price has more to do before freeing itself of the “NoGo”.

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