BIDU put in a long tail yesterday's trading and today is up to the tune of 2.6% right now. Patterns such as these often can build a bottom. I'm not doing a trade here but simply wanted to point out the formation to share what I'm looking at.
Just fyi, this formation of a down day, followed by another down day but with a long tail, followed by a good up day, is called a morning star formation.
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