Haha.. BIDU's bearish engulf forces the price to open at 300, goes up, and yesterday its down again. I guess it may retrace to 300 .. or even lower?
I would like to think more positive and say 300 is the strong support. Until proven other wise, I think 300 will hold for now, and a call around 301 area is not that bad. but its not that safe either.
For me, I will wait for BIDU to fall below 298, and I will go for a put. May retrace a lot in 1 night if you are lucky. Cut loss point of coz, is 301. Take profit point? 280 maybe. May be even 200 !!
okok .. cut the crab.. its not going so down .. is it ? Who knows ...
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