Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
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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