BIDU is finally breaking past $170 with conviction this morning. A follow through confirmation tomorrow would be ideal as the chart shows a lot of chop since august. Again, an ATR based trailing stop in this case is my preferred method of protection.
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BIDU Weekly Chart
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BIDU Daily Chart
About Stock Trade Journal
The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders.
This blog is also a way to share my experiences and observations in the market.
