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Why does it look attractive to you?
What support do you see at $300?
Do YOU see a head and shoulders?
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Really I don't know much about BIDU. But I know there was alot of interest about it. Technically I see a head and shoulders which I have drawn out in the attached pic. I also see a support around 300. But fundamentally I don't know much about it. Just wondering if anyone has any input about this stock.
Seems to me looking at the chart, the bearish sign is the head and shoulders. But the bullishness is the risk to reward ration I see due to the strong support at 300. What if you put a stop 25 points or less below that. Then if it the 300 support breaks down you lose 25 but it it goes up you gain 50, it seems. But I know little about the company so this is not a stock I would trade. Just wondering what others think about it and if they have some insight.