Friday, 20 July 2012

US Stock Tip: Baidu double bottom at $100, strong support

Dear Friends,

Yesterday wanted to post about this stock Baidu (BIDU) listed in Nasdaq. I hesitated because I discovered it will release earnings next week Monday after market close. Today it moved up another $3, now at $110.

It does seem like Baidu (BIDU) has a support at $100, yesterday stood above this figure.

But I would suggest not to enter now. Since Monday is earnings. Let us study the results. But I do think this stock has been beaten down a lot because of China problem. Let us see. Can be mid term stock play.

Daniel
www.danielloh.com

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