Below is Technical Analysis for BIDU, Baidu.com. Click to see the stock chart for BIDU: 9/06/08.
BIDU Baidu.com has broken support at $300 and you see the end result. I do expect a quick recovery however as I think the general sell off in this stock and the markets were due to forced liqudation. The global slowdown is not affecting BIDU. These big dips are huge buying opportunies. BIDU seems to have found support at $270 with resistance at $300...which was previous support. I'm waiting for the low tag to come in before I buy the other half of my long position. I will update this stock chart next week!
Showing posts with label 9/06/08. Show all posts
Showing posts with label 9/06/08. Show all posts
Saturday, September 6, 2008
AAPL Apple Technical Analysis 9/08/08 - Apple AAPL Stock Analysis - Technical Stock Chart
The following is technical analysis for AAPL Apple Stock: 9/06/08.... to view this chart go to :
Apple ( AAPL ) has continued the downtrend this week along with the overall stock market. AAPL is now below all three key moving averages and has hit an area of support at around $159.69 from April 2008. If this level is closed below, you could see $155 and then $152.91 be test which were the August 2008 lows. AAPL has very strong resistance in the low $180s and when these levels are taken out Apple will again start to break out. $180.45, $180.91, $182.34 are your key resistance levels for Apple stock.
Apple ( AAPL ) has continued the downtrend this week along with the overall stock market. AAPL is now below all three key moving averages and has hit an area of support at around $159.69 from April 2008. If this level is closed below, you could see $155 and then $152.91 be test which were the August 2008 lows. AAPL has very strong resistance in the low $180s and when these levels are taken out Apple will again start to break out. $180.45, $180.91, $182.34 are your key resistance levels for Apple stock.
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