BIDU have gone through the same 3.5 year pattern twice. Each iteration started with continuous growth.
Currently there is a consolidating triangle pattern, getting closer to an ultimate breakout.
It is highly unlikely for the breakout to go against the upward trend due to the fact that Baidu seems rather ...
From what I have observed, I can see the same happen again.
...but - I'm also aware the the exact opposite could De- Bingo it.
As for now, I wait for a close above the dashed blue A/R line.
But yes, I am very bullish on BIDU.
OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the ...