Trade Idea - BIDU
Thursday, November 15, 2007
( Yesterday close ) Chart courtesy of stockcharts

Web search stocks are leaving days of high volatile, BIDU it is a good example of this fact. Yesterday, stock has made another black candle, after have opened near $370 and closing below $350, with another session with high participation from investors. Looking at the daily chart, it's difficult to predict where this stock will go from here, in short-term indicators show a clear Bearish momentum, however in long term the situation is a bit different, chart still printing a Bullish Market, so let's see which will be the close of day, whether markets don't cooperate it will be ugly again.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

Labels:

 
posted by Pro Investor Trader at 9:37 AM | Permalink


0 Comments: