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January 18, 2010

Would You Buy BIDU?

Well would you punk?  BIDU made a gap up under heavy volume after the anouncement that Google might leave China.  The first candlestick after the news was a hammer at the top of a resistance line, which brought out the Bears.  But the Bulls broke through that resistance the very next day with vigor.  So, would you buy BIDU here?

This entry was posted on Monday, January 18th, 2010 at 3:33 am and is filed under Stocks, Trends. You can follow any responses to this entry through the RSS 2.0 feed.You can skip to the end and leave a response. Pinging is currently not allowed.

2 Responses to “Would You Buy BIDU?”

  1. Max said:
    January 18th, 2010 at 7:30 am

    *** The first candlestick after the news was a hammer at the top of a resistance line, which brought out the Bears. But the Bulls broke through that resistance the very next day with vigor. So, would you buy BIDU here? ***

    A hanging man?

    Option expiration week…

    No!

  2. Tom said:
    January 18th, 2010 at 4:29 pm

    Yeah the hanging man is giving me pause too but I can easily see price pinning this week for sure.

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