I've been long Baidu since 2013, and I saw this breakout happening as well. How would you play it to maximize profit?
amaroa69
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@Spyre, It depends what type of trader you are and how long you're willing to hold this still. At the moment its on an uptrend that started on July, 2017, due to the breakout of a big pennant. that pennant started forming on September, 2015. (I'll send you some snapshots in a private message). I see more upside possible on this stock IF it manages to break the 174 level. Personally, I'm not into holding stocks that long, i usually trade the daily time frame, but you can manage this on the weekly or monthly if you've held it that long and are willing to keep holding; If you P.M message me i can help you