Moving up within a well defined uptrend channel. Look for a break above the 143 level for a run towards 150 in the short term. For longer term trade the channel buy the lower end of the channel and sell into the higher. Stops below the lower white line of the channel for longs. Price target for mid term is 165. Technical indicators are supporting the bulls. RSI is moving up and above its 50% level. Stochastic are also in buy mode. MACD is positive and above the signal line. You need to put this stock on your watchlist next week and pay special attention to the price and the volume action.
Baidu.com, Inc. (NASDAQ:BIDU)
Started by
Costa
, Mar 03 2012 08:46 AM
No replies to this topic
#1
Posted 03 March 2012 - 08:46 AM
Costa
AC Investor Blog Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.
AC Investor Blog Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.