BIDU has crossed some significant retracements and its moving into a downtrend-channel. (The blanket of the white channel has been touched 3 times touched and the support at 107.53 is broken. I think we will see the lower buy-level of approximately 105.xx USD.
The only thing to regard which is very important is the earnings release of Baidu.com on July 23.
That means i need to close the position at the latest on Thursday or i could get burned with my short-sale.
Why Thursday? Its really simple.. The release is on monday and friday could be a buy-day, respectively a short-squeeze day.
