Wednesday, June 23, 2010

AAPL up, BIDU upper, GOOG not so up

So, Apple unveils* its iPhone 4G in mere hours and Planet Earth will (mostly) rejoice. Don't lie. If if you hate Apple, you'd probably keep an iPhone 4 if someone gave it to you as a gift. So would I.

It's interesting that Google's move into smartphones (Android) and mobile advertising (via AdMob) hasn't particularly helped the stock as much as it should have. Or maybe there just aren't as many believers, being that the mobile ad business is still in its infancy. But more pertinent was Google's decision to depart from China. The charts below show how potent BIDU shares have been and continue to be. With the FXI bolstered lately, rising ahead of the US market and showing its force as a premier leader, BIDU simply rises higher and higher.

AAPL vs. BIDU vs. GOOG (1-year chart, daily)

AAPL vs. BIDU vs. GOOG (6-month chart, daily)

AAPL vs. BIDU vs. GOOG (2-month chart, daily)

AAPL vs. BIDU vs. GOOG (10-day chart, 15-minute bars)

AAPL 6-month chart
Candlestick analysis: Sell Confirmed (American Bulls)

GOOG 6-month chart
Candlestick analysis: Hold (American Bulls)

BIDU 6-month chart
Candlestick analysis: Buy If (American Bulls)

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