September 5, 2012

BIDU Support and Resistance levels


  • BIDU Daily chart shows price testing the cloud. Sustaining above the daily cloud should result in an up move.
  • Resistance level in daily chart is 50 Day SMA which is at 118. Support is near 110
  • Weekly chart on closing basis shows strong support between 105 - 110. Positional bulls are safe as long as price closes the week above this level. 
  • S&P 500 ANALYSIS AFTER CLOSE


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