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BAIDU.COM INC
(BIDU-Nasdaq):
Technical Viewpoint: From a low
of $74.90 on Aug 29, 2006 prices
rallied, reaching a
high of $92.10
on Sep 25, 2006. A
decline saw prices pull back, reaching a
low of
$82.24 on Oct 4, 2006.
Another rally saw prices penetrate
resistance, closing 10/27/06
at $89.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 27, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $86.;00. Resistance: Is at $93.00.
Point & Figure: Reversed to the upside on Oct 27, 2006. A P&F upside
reversal takes place at $89.00. Summary: Technical indicators have turned bullish. BUY! BAIDU.COM INC
(BIDU-Nasdaq) @ $91.13 Stop: Use a protective stop of $88.8.
BAIDU.COM INC is currently trading @ $89.00 plus $4.05 on Oct 27, 2006. Price Objective:
$101.00. Risk/Reward: $2.75 VS. $9.87. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$101.00
Risk/Reward:
$2.75 VS. $9.87
Risk/Reward Ratio:
3:1
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