- First chart shows a consolidation pattern which will resolve in favor of bulls if price stays above 105 levels.
- 38.2% Fib level is acting as support for now. Closing below this level will make the stock weaker. Important support level is between 104 - 106. If week starts to trade below this level we may see a sell signal in Weekly MACD.
- For strength price need to trade above 23.6% Fib level.
- BIDU WEEKEND UPDATE
March 25, 2012
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