March 2, 2012

BIDU Near Resistance line

  • Bidu near resistance line. Price is also near the apex of a contracting pattern which will be resolved soon to give a bigger move.
  • Price is above 200 SMA. So a successful breakout here should give 150 levels and above for Bidu.
  • Getting resisted here will take stock back to 200 SMA again.

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