BAIDU INCORPORATED
(BIDU-Nasdaq):
Technical Viewpoint: From a low
of $76.04 on Aug 31, 2010 prices
rallied, reaching a
high of $107.19
on Sep 28, 2010. A
decline saw prices pull back, reaching a
low of
$95.12 on Oct 4, 2010.
Another rally saw prices penetrate
resistance, closing 10/25/10
at $109.75. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 25, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $104.74. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 22, 2010. A P&F upside
reversal takes place at $107.00. Summary: Technical indicators have turned bullish. BUY! BAIDU INCORPORATED
(BIDU-Nasdaq) @ $110.13 Stop: Use a protective stop of $107.38.
BAIDU INCORPORATED is currently trading @ $109.75 plus $2.47 on Oct 25, 2010. Price Objective:
$135.00. Risk/Reward: $2.75 VS. $24.97. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$135.00
Risk/Reward:
$2.75 VS. $24.97
Risk/Reward Ratio:
9:1
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