November 2, 2010

BAIDU Near 50 hour moving average


  • BAIDU hour chart with 50 hour moving average and the down trend line.
  • Now price is trading near 50 hour moving average and below the down trend line in hour chart.
  • This area may act as an intraday resistance zone.
  • If price closes above the moving average and the down trend line it will favour the bulls.

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