- Baidu hour chart in a triangle formation.
- Considering the trend of the stock in daily chart which is up an upside breakout should be a good opportunity to go long.
- Closing above 112.35 will give good upside momentum for the bulls.
- Since this is a triangle it can give a breakdown too. support for the stock is at 106 levels. If 106 breaks there is an unfilled GAP in the chart bears may help fill the GAP.
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