$BIDU - From a technical perspective, this is no longer such a good buy on the mid-term, as the price is currently testing 4 year resistance range.


However, on the high-timeframes, this remains a re-accumulation zone between the purple range sitting at $150, and the green range sitting at $100 that will eventually break to the upside.
Because of this, I believe that in the coming weeks, this will be a good buying opportunity if the price dips once again in the high-timeframe support range marked in green, which has been a bounce zone for over a decade.
This setup easily has a 3x potential in the next 12 months from these levels.
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