Would You Buy BIDU? | Neural Market Trends

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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?

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| Time: 3:33 am Comments (2)

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2 Responses to “Would You Buy BIDU?”

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!
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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