A natural Pull back
Chart courtesy of stockchartsBIDU the loser of the day. Shares of the BIDU dropped as much as 10% to $308.78 after JP Morgan issued a report saying that the company's third quarter should be just in line with consensus estimates and somewhat below its prior forecasts. Looking at the chart stock has the major support at 295.82 for an eventual continuation of sell-off. I don't think so, because it seems to me just a short profit taking, and BIDU was the principal factor.
Chart courtesy of stockchartsEBAY has broken out of the range during today session, however in the final hour stock retracted closing below $40. Today sentiment of the market didn't help stock. Support at : $38.44 and Resistance at :$40
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All. Have a nice evening !!!
AC
Hi AC !!
I'm preparing to buy YHOO in this Pull Back, it seems a great option for next year.
John
Posted by
Anonymous |
6:31 AM