BIDU - Breaks baseline of Double Top

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01-22-08, 03:19 AM

traderthoughts.com traderthoughts.com is offline

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BIDU - Breaks baseline of Double Top

BIDU has been on a near-term decline following the formation of a dark cloud cover candlestick pattern on December 28. The stock which consolidated side-ways in the form of a double top pattern has now broken the baseline of the pattern, setting a pattern target of approximately $160 levels. The volumes are increasing. However, there is a good support at $220 levels. For a detailed and free stock research report on BIDU incorporating both technical analysis and fundamental research, visit stocks2pick.com

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