Tuesday, October 21, 2008

Technical analysis for Baidu (BIDU).


ADR of Chinese web company Baidu (BIDU) tested and rebounded from strong support line $200. This is good time to enter long position. The first cross over on July 2007, through the resistance at $200, led to sharp jump. At the beginning of 2008 the line had been used as a support. And now tested again.

Volumes had been the biggest during the bull run and early year sell off.

Comments

1 Response to "Technical analysis for Baidu (BIDU)."

Anonymous said... October 21, 2008 at 11:48 PM

Vlada,

You are gorgeous!

Dennis in USA