Baidu Stuck in Range

Seems like Baidu (BIDU) needs to gather more strength before moving higher. It is set to open just above $180 today, but it remains to be seen if it is able to hold that level. For now $176 is acting a s support while the lower end of the range is $167. I need to see follow through above $184 before adding to this position. My target is $210.

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.
This entry was posted in General Info. Bookmark the permalink.

Leave a Reply

Your email address will not be published.