NASDAQ:BIDU   BAIDU INC - AMERICAN DEPOSITARY SHARES, EACH REPRESENTING ONE TENTH CLASS A ORDINARY SHARE
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$BIDU has a classic bearish H & S. It has now broken down from its trendline of the retracement (around $190 - $212) 1st target at 0.5 fib retracement hit today. Ultimately, traditional technical analysis would suggest an ultimate Price Target of close to $172. Let's wait and see. If you have any comments or queries, do get in touch... Happy Trading!
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