Friday, October 9, 2009

BIDU -- what to look for

Here is what I am looking at w/ BIDU which obviously is very strong on an upgrade and infested w/ momo traders.

Looking for:

1. R2 to hold (about $424); and then

2. A break below the 20 min and 50 min MAs (red and green lines).

3. Some market weakness would help !

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