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dchua1969

Good buying opportunity for Baidu

Long
Baidu, Inc. (NASDAQ:BIDU)  
dchua1969 Updated   
NASDAQ:BIDU   Baidu, Inc.
Trend Analysis Chart Patterns
4
1
trendanalysis chartpattern
If you buy now , you are banging on the support level at 174.46 will hold and it will break out of the triangle pattern.

The last 3 times it hit this level in March , May and June 21 , it failed to go higher than 225 level , signalling weak buying sentiment. Thus, to be conservative, one can wait for the breakout with a bullish signal before considering going long.

Please do your own due diligence.
Comment:
still awaiting ......
Comment:
added some last night
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