Baidu Inc (BIDU) shares exhibited noteworthy price action on Sept 5. On the 5-minute candles chart, the security is seen reacting away from 20-day price channel resistance on Tuesday, Sept 4, and subsequently falling further on the 5th, albeit remaining somewhat above a double-low at approximately $110.15. Shares of the Chinese search engine were
recently covered on these pages, as the stock was sharply selling off on August 23rd.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzUjs3eohGha_X3h1Fl8ywW5H70KkGjbQ_OQjKwG5kiNANk206fB_5p3eFABPGxmSyTYd0bLPQfXeGaeJ_7EQKrnFB0jgGlNC-KEIRch-u1556nkN7ItzzYp5lTMRoQvs6aqiMOcF_dhk/s640/BIDU+Aug+16+to+present+5m.png) |
BIDU. Aug 16 to present. 5-minute candles. |
Celgene Corp (CELG) showed a break of channel support from the hourly-candles perspective. The violated channel is fairly robustly defined and stretches back by approximately three months. That said, price action is at its 200-hour simple moving average, rather than below, so the chance of continuing price consolidation is relatively high.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiw9e8u87Y1pDK8ID-13ornWBdN_47W1cczKg95u0ENZ-Ojtah7xyQP7V0Rig__XYkxqyT44tx7KU0GxsicNaQlJzyhGyAp2zCERDNISOVuuyhqmXWSRqtcDzGWURMqM4FC94B03W97k-I/s640/CELG+May+25+to+present+1h.png) |
CELG. May 25 to present. Hourly candles. |
Life Technologies (LIFE) appears to be breaking through 3-year channel
resistance, albeit doing so in both slow motion and on low volume. These
latter characteristics of the advance increase the odds of the analysis
being predicated on a mis-drawn channel, which is quite possible as the
current channel is of only a moderately sound fit.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEdkuaUupJSJZKPW8RLm-qR36PPoYuyI2IbWlPSm8QGXxff63nGUUsWcGVtPSxobjXIHTVy4FcjmkuQLyJZnok3yTM3Awo7jKopukg_TBGa9i4kLAHnyDuBJ5sAlNaWcBuE1Lf6qfCMWo/s640/LIFE+Sept+2009+to+present+1d.png) |
LIFE. Sept 2009 to present. Daily candles. |