Mimo
Long

BIDU at Base of Wedge

NASDAQ:BIDU   BAIDU INC
78 0 1
BIDU             has been in a wedge pattern and is now at the lower end of the wedge . With earnings due on July 28, I believe this provides a catalyst for the stock to move back up to the higher end of the wedge or at least the 200 DMA at about $176 (up 9.47%). BIDU             has beaten over the last three quarters with a positive stock reaction each time. I expect this to continue amidst overblown concerns of Chinese regulators.
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