Technical Analysis: Considering current market conditions, BIDU does not have a bad looking chart. However, BIDU is poised to give a strong sell signal. Resistance (D) at $400 broke the short-term uptrend (B). A weak downtrend (E) has been replaced by a more aggressive short-term downtrend (F). If the downtrend (F) breaks support (C) around $200, then sell. The initial target for BIDU is $100.
Summary: Weak Sell.
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