Baidu, Inc BIDU stock technical analysis for May 17, 2010
Support & Resistance Levels - 5/17/10
Resistance levels: $75.17, $74.10, $73.04
Support levels:$71.91, $68.84, $67.78
Share of Baidu one of the hottest stock in market now.Share is trading all moving average which is bullish for long side, this stock move up down $5-$7 in either side, so this good trading opportunity.I will go long side near $70 and my stop will be under $70.If stock break over $80, I will go short and my stop will be $83.In volatile week stock could see near big swing in both side. I will keep opportunity to trade in long and short in both side.
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Good Luck .. Trade Smart!
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