Baidu has bottomed out in August with the low of 95.66. Accumulation footprints can be seen for the last 4 months. Big hands are accumulating between 100 and 120. As long as 100 is not broken, we should see this stock head higher.
8 Nov gap up was tested twice successfully, this give us more hints about the bullish sentiments. If price is able to close above the major resistance of 130, our next resistance to look out for is 150 area.
8 Nov gap up was tested twice successfully, this give us more hints about the bullish sentiments. If price is able to close above the major resistance of 130, our next resistance to look out for is 150 area.