Cracking Baidu
In late November, I started watching for a bottom to develop in Baidu (BIDU), given a number of time and price parameters that suggested a termination in the stock's decline.
Since then, the stock has made a relatively important low, and it's seen a nice corrective rally that amounts to $17.50 so far. I still believe Baidu has some upside potential -- because, as you can see on the weekly chart below, some of the prior rally swings have amounted to anywhere between $35 and $51.82....313 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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