SSS - BIDU undercutting lows of prior flag

Published : December 20 2010 at 10:30 ET

It is logical for BIDU to try and bounce here as it undercuts the lows of the flag formation from October, as we see in the daily chart. How far the bounce carries is not clear, but we would watch for it to run out of steam somewhere between here and the 104 level.


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