FXstreet

Chinese search engine behemoth Baidu’s stock (NASDAQ: BIDU) has witnessed a solid rally over the last month, gaining over 40%, compared to the broader S&P 500 which was up about 4% over the same period.
The daily price broke Ichimoku cloud to above for the reversal to the primary bullish market condition. The price is on ranging near and above Ichimoku cloud for 155 resistance level to be crossed for the primary bullish trend to be continuing. Alternatively, the price will be on secondary ranging waiting for direction.

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