Here is a quick update on BIDU. Below is a six month view of BIDU with a positive slope trend line. What do you think will happen next? Most likely scenario will be the failure in BIDU making a
breakout of this current resistance level crossing around $106 area. I would suspect that this will be the case and there will be a decline in BIDU towards below $95 once again by end of January. We will see if there will be a sell of in BIDU in upcoming weeks.
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