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BAIDU INCORPORATED
(BIDU-Nasdaq):
Technical Viewpoint: From a low
of $66.85 on Jun 9, 2010 prices
rallied, reaching a
high of $78.59
on Jun 21, 2010. A
decline saw prices pull back, reaching a
low of
$69.50 on Jul 1, 2010.
Another rally saw prices penetrate
resistance, closing 7/23/10
at $78.06. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 20, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $72.25. Resistance: Is at $78.59.
Point & Figure: Reversed to the upside on Jul 23, 2010. A P&F upside
reversal takes place at $75.00. Summary: Technical indicators have turned bullish. BUY! BAIDU INCORPORATED
(BIDU-Nasdaq) @ $78.25 Stop: Use a protective stop of $75.50.
BAIDU INCORPORATED is currently trading @ $78.06 plus $3.61 on Jul 23, 2010. Price Objective:
$93.00. Risk/Reward: $2.75 VS. $14.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$93.00
Risk/Reward:
$2.75 VS. $14.75
Risk/Reward Ratio:
5:1
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