Yesterday's BIDU Q4 earning release did not cause big change in price action. BIDU is today being rejected in a hard way at downward sloping resistance line with
heavy volume. My most updated prediction of BIDU is that it's currently going through a side-way topping process which will last a few months up to this summer, accompanied by Chinese Shanghai stock index bull market. In these months, there will be higher lows, lower highs, reflecting transition of power from bulls to bears. During these months, big institutions secretly distribute their holdings to small investors in preparation for bear market, BIDU's bear market will not start until the complete of distribution process. The topping process will finally end by bulls giving up control to bears.
My prediction may well be wrong. But it would be interesting to validate after a few months the outcome given recent reports with contradictory indications:
