I remain bullish on Baidu (BIDU) as it holds above the 50 DMA and gets ready to attempt breaking above $176 – $180. I think that $200 is acting like a magnet, but will probably not come without chop. The line in the sand still remains around $167 – $168 where buyers have been stepping in for the whole month of December.
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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.
