BIDU has printed two straight red candles, the last of which a bearish engulfing. Looks intimidating. So no full-size positions here, yet. But we have ATLS off the May 25 SL and broken DTLR off the Jun 20 SH. That $143 area is a great position for stops but I need to see BIDU try to repeat the 7/19 open but actually hold the gains before I consider any position. Still, willing to go long if BIDU can print the case. Twelve days to earnings.
Trade closed manually:
Good push into resistance as earnings approaches but too much of a gamble.