Tuesday, July 10, 2007


Here is a weekly chart of Baidu.com. I last commented on this stock here.

I have drawn two long term boxes on the chart, each 109.54 points high. I think it likely that BIDU will reach the top of the second box, riding the crest of the wave of speculation in China. It will probably falter temporarily near the 1/2 division point of that box which stands at 208.75.

Support in the meatime is at 165.

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