Thursday, October 14, 2010

Google (GOOG), Baidu (BIDU), Microsoft (MSFT) Chart Analysis

Google Inc. is breaking out the resistance dating back to early 2010 to the upside, the correction on GOOG seems to be over in early July when it retraced 50% of the gain.  As I write, GOOG rises 9% AH on positive Q3 earning news.  Technical speaking, GOOG could rise to 820 by August next year.
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Baidu.com Inc. is forming a a triangle, considering that Q3 earning release dated on 10/18, this triangle will be broken out on that date either to the upside or the downside.  The odds favors that BIDU will break out to the upside.

Microsoft Corp. is breaking out to the upside from 4 month triangle, in the short term, more upside should come in the intermediate term.

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