Baidu (BIDU) is offering us one heckuva short opportunity. Perfect rounded top with those beautiful golden arches (confession: I got hungry for some McDonalds as I was drawing those arches).
The time to get in BIDU as a short is now. As it is just now breaking the neck of support on the stock and could easily fall to the $113’s without much resistance.
Here’s the BIDU trade setup:
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