BIDU was the big news on Friday, last week! It jumped as high as 132.8, but, closed well-below that, at 124.57! Hopefully, you saw my “emergency post“, 2 days before their earnings, and managed to catch some part of the action, in the right direction, of course. So, where is it going next?
In January, when BIDU went above 130, I thought it was time to take profits. What about this time? Let’s take a look at BIDU’s weekly chart:
In January, BIDU’s MACD was topping out. But, this time, BIDU’s MACD is just starting to rise. BIDU might need a couple of days to let off some steam. But, if it gets above 130 again with strong volume, it may have more room to go! So, if you missed it on Friday, there may be future chances for you to catch it again!
I will be updating BIDU next week if I see signs for it to go higher!
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
4 Comments
great info thanks for the help
likewoods,
you’re welcome! check back for updates!
Hey - Any view on Sohu ???
Sohu
Tintin, seems to be fighting the resistance at 25.6. Let’s see if it can break above it.
Post a Comment