Tuesday, September 30, 2014

Hong Kong Unrest May Trigger BIDU Mega Sell

Bearish daily and intra day charts are on watch for a break of this level. Should it happen, Baidu Inc (NASDAQ:BIDU) will dump hard to a potential target of $200.00. This would be just under a 10% correction. The unreal and civil protest going on in Hong Kong could be a trigger, if not continued weaker global and China economic data. See the level below.


Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com