Keeping a Close Eye on Baidu
If you look at a daily chart of Baidu (BIDU), you'll see it's not a pretty sight. The price is below both the 200-day and 50-day simple moving averages, and it is still flashing a sell signal on the five-day and 13-day exponential moving averages.
So why am I stalking this stock for a possible low? It has everything to do with time-frame work. If we back up and look at the big picture, we can identify quite a few stocks that look rather ugly on the daily and intraday charts -- though the weeklies can also give us a heads-up, as well as identify some rather important lows....293 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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