BIDU

Indeed, BIDU did pierce the previous resistance level to make a Bullish statement, but now, regarding the last week's price action we can obviously notice the weakness of the stock, especially when comparing the the overall market performance. For now, if I were Long I would definitely lower my exposure to BIDU, and watch closely tomorrow for a resume of the buying pressure. If the sellers start to take over, making the price go below the yellow SmartPoint band, there will not be an option but to liquidate what's left of that position.