Baidu heading towards support

Baidu (BIDU) shares look like they are headed towards support area around $154 -$150. I am keeping my eye out for a bounce there, but it may ultimately retreat to $140 in the short term. On Balance Volume is still positive, but sloping down slightly. The market overall must regain strength before BIDU resumes higher.

BIDU Daily Chart

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.
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