February 2, 2011

BIDU Breakout

  • Bidu has given a breakout from the consolidation pattern in which the stock was trading in.
  • Breakout has left a GAP in the chart. 
  • If the GAP ends up as  a runaway GAP the target for the breakout can be achieved easily. Target for this consolidation pattern comes at around 128.
  • If the GAP starts to fade then breakout will be in trouble.
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