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Baidu, Inc.
Long

Baidu Bounce to $240

By 4mm4
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
BIDUbounceexponentialLONGMoving Average Convergence / Divergence (MACD)macdivergenceMoving AveragesParallel ChannelRelative Strength Index (RSI)Stochastic OscillatorStockssupport
4mm4

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