So far Baidu (BIDU) is holding the line and offering a good entry point. Sure the break out pattern can fail and the stock go lower, but it is easy to define risk in this situation. Buying here around $170 with a stop just below $168 risks only $2.
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BIDU 60 min 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.
