BIDU Trade Idea (short)

Bidu reports on April 25 according to Yahoo.

BIDU on what looks to be a false breakout above $143.30, it didn't close strong on the breakout day, it failed the next day and today is just lingering in the area, most likely it'll cross back and forth on the trendline shaking out traders in both directions.

 30 min 3C of BIDU showing a large negative divergence culminating in what appears to be a false breakout (the false breakout component is important because it precedes about 85% of the reversals I've seen.


Here's a 15 minute chart with important support, I want to enter a short on BIDU hen that trendline is broken to the downside, but allow a stop wide enough so any volatility around that trend line won't shut down my position. The potential target is around $115. I have a feeling that EPS and earnings will be downgraded significantly by the time MMM/BIDU report.