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.