BIDU - OK what's next for this bad boy 105? 125? 155? 75?

Discussion in 'Stocks' started by iceman1, Nov 12, 2006.

BIDU closes >125-130 year-end

  1. absolutely

    9 vote(s)
    39.1%
  2. nope

    3 vote(s)
    13.0%
  3. backing up my truck up on next retracement

    4 vote(s)
    17.4%
  4. looking to short

    7 vote(s)
    30.4%
  1. BIDU below 121 now, my "pivot" point.
     
    #31     Dec 12, 2006
  2. 1. do you look at intra-day and not closing prices? It could close at 125.

    2. it's expiration > can you consider price levels/swings as meaningful?
     
    #32     Dec 12, 2006
  3. logikos

    logikos

    Anyway I dissect the chart, it still looks like it has plenty of upside. 120.00 was an important level since it represented the target of the move that began in August. Target was based on a measured move in relation to the Feb-Jul rally. Notice it gapped over 120 and now finds it fairly solid support.

    Nothing is a sure thing of course. It can always gap below 120 and leave an island top. But, if it holds, fib projections give a 1st target of approx 140.00, then 161.00, which coincidentally is very near the high of the key reversal day in August of last year.
     
    #33     Dec 12, 2006
  4. BIDU fussin around 121 again.

    Weekly resistance is 130, which it touched last run.


    However gap remains near 114...so again I watch 121 and change....


    zzzzzzz. ZZZZZZ.
     
    #34     Dec 13, 2006
  5. interesting close on this schizoid

    so tomorrow does it trade to 125 or 115 >> anyone read tarot cards
     
    #35     Dec 14, 2006
  6. Gentlemen, your gap fill is in. :D
     
    #36     Dec 15, 2006
  7. My next target is 111 (the 60 minute 200 SMA). :eek:


    121 remains my pivot and resistance.
     
    #37     Dec 15, 2006
  8. guess it's 117
     
    #38     Dec 16, 2006

  9. hehe it hit 111.73 low intraday a few days ago.

    But UP 6% today! I'm in.
     
    #39     Jan 3, 2007