Baidu, Inc (BIDU) Resistance pivot & Support Levels - 05/19/2010Baidu, Inc BIDU stock technical analysis for May 19, 2010
Support & Resistance Levels - 5/19/10
Resistance levels: $79.08, $76.57, $74.07
Support levels:$70.24, $68.91, $66.41
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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