$BIDU has seen price move higher since late last year.
After stalling at around $160, price has mostly moved sideways for a couple of months. We even saw GoNoGo Trend paint “NoGo” bars as price fell from the highs. On March 20th, GoNoGo Oscillator was able to climb back into positive territory and the “Go” trend resumed. After failing at the same level, price has pulled back and we see a few amber “Go Fish” bars. GoNoGo Oscillator has fallen to the zero line and we will look to see if the oscillator finds support at this level. If it does, we will look for price to make an attempt at a new high.
