Ma6aba » technical analysis

Bidu.com (BIDU)

Weld El-ma6aba — Thu, 18 Dec 2008 10:53:23 +0000

This time I will be looking into Bidu’s chart. Bidu.com is an internet search engine. the company offers algorithmic search, enterprise search, pay for performance and news, MP3, and Image searches. “Bloomberg description”

what made me look into it for the long side is the short interest of this stock, 13.45% of the floating shares are short which might cause a short squeeze and a nice pop in price if we break-out of the $145 level. the next stops after the 145 level are $163 or reaching the trendline of the major downtrend we have. obviosly if that trendline is broken we are looking at a possible sweet rally to the 178 level or even the 200.

this is not a recommendation for a trade, it’s just my view on the market. please don’t act on it and do your own homework.

VXN

Weld El-ma6aba — Thu, 04 Dec 2008 09:13:59 +0000

OK so this is the first post about the markets. I will be looking at the VXN (the CBOE NDX Volatility Index).

Where I see is: I can see VXN pulling back for a little maybe towards the 56.4 level (not necessarily) and then shoot up to test the previous highs of 80.6 and 86.5 respectively. if the VXN manages to break those highs the next stop can be be as high as 94.7 (the 123.6% Fibonacci projection).

Alternative scenarios: the other possibility is that we go back to the 49.4 level which should act as a strong support but if broken we will see volatility at levels we haven’t seen in what feel like a long time, could go back to 36 and 22 respectively.

this is not a recommendation for a trade, it’s just my view on the market. please don’t act on it and do your own homework.