Something Very Concerning In The BIDU Stock Chart
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Posted On: 01/04/2017 12:27:37 PM
Share of Baidu Inc (NASDAQ:BIDU) are rallying today with the rest of the stock market. However, there is a problem. The rally is adding fuel to a bear flag stock chart formation that ultimately signals a sharp drop on the horizon. The scarier part of the stock chart is that Baidu was hammering on support through late 2015 and 2016. However, in late 2016 it broke that support and has little to nothing holding it up now. This may just be one of the most bearish stock charts in the whole entire stock market. For visual understanding, look at the stock chart below. The downside target is as low as $100.00 on Baidu Inc.
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