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JoeRodTrades

BIDU Breakout or Ranging

Baidu, Inc. (NASDAQ:BIDU)  
JoeRodTrades Updated   
NASDAQ:BIDU   Baidu, Inc.
Trend Analysis rangetrading breakout breakoutsignal Technical Analysis
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trendanalysis rangetrading breakout breakoutsignal technicalanalysis
I have outlined the range in red. If BIDU continues up out of the range this would be a breakout. If it retraces back to the orange line a break below confirms the range.
Comment:
I think I read this wrong this morning. Looking at Bidu, I am seeing a breakout pattern following by a bull flag with earnings 5 days away. It should at least push up until earnings. After that it is a gamble.
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