BIDU Update

It's getting hard to not take some action on BIDU.

 1 min continues to improve, rarely do we see "V" reversals, although if this is a head fake move and the timing is right, this might look more like a sharp "U".

 The trend of the 2 min chart I think can't be discounted and ignored because of 1 day that may very well be a shakeout move.

 Intraday the 3 min chart is improving also.

 The 3 min chart's trend also leading positive

 5 min chart improving intraday-that's migration of the divergence through timeframes.

 5 min chart's trend

15 min chart, looking at the price trend we have an uninterrupted downtrend thanks to today, which may very well be the head fake move BIDU hasn't seen yet, however following confirmation of 3C at the green arrow with lower lows in price and 3C, that all stopped recently. Again, a hard chart to ignore.

I think if action is going to be taken on BIDU, it needs to be soon to take advantage of the discount from today's move. I still like it, I'd still hold it and probably add on this potential opportunity.