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Technical analysis for Baidu (BIDU).

Tags: BIDU
21 Oct 11:41am
Posted by gmerkle
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ADR of Chinese web company Baidu (BIDU) tested and rebounded from strong support line $200. This is good time to enter long position. The first cross over on July 2007, through the resistance at $200, led to sharp jump. At the beginning of 2008 the line had been used as a support. And now tested again.

Volumes had been the biggest during the bull run and early year sell off.
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