With an earnings and revenue beat, Baidu is poised for a bearish upward trend once headwinds from delisting and clampdown from the Chinese government are decoupled from the company. Technical analysis shows Baidu trading are key Fibonacci levels and forming a falling wedge pattern.
Price Target: Near term: 212.08, with a 60% confidence Mid-term: 260.87, with a 50% confidence
Risks:
Bear flag wrongly recognized as a bearish falling wedge (somewhat likely)