Chart courtesy of stockcharts

BIDU shares were up on Friday more than 10% to $341 with nearly 7 million of shares changing hands, really amazing. The chart looks very good here. BIDU broke through $320 resistance and is trading above all of two major moving averages. In additon, the MACD is positive and rising. However the risk of correction has increased as RSI is approaching overbought level, but any correction will probably mean buying opportunity at current technical trend. Stay tuned on her during next week. My target for the coming months is $418, previous highs.

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