Thursday SELL-OFF
Chart courtesy of stockchartsBidu shares rocketed more than 14% to 209.06$ today, after Chinese search engine have reported strong results that surpassed Wall Street expectations. Bidu earned 141.9 million yuan, up from 58.5 million yuan in the year-earlier period, the company said. Looking at the daily chart, we can see that the buying pressure still strong, as are showing RSI, however stock failed to breakout in close previous the high at 215.61$. Let's see if tomorrow, stock will breakout this are to confirm intraday breakout. So for now Bulls are controlling the trend.
Chart courtesy of stockchartsJDS Uniphase "JDSU" looks like it will hold this line as support. Watch for a possible breakdown.
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
That's All. Have a nice evening !!!
AC
| Permalink | 
