Truly one of the most amazing triangle patterns I have seen. The highs and lows lining up perfectly where a good investor can connect them and they form accurate straight lines. The Baidu Inc (NASDAQ:BIDU) chart is one in a million. There are plenty of triangle patterns that form in the stock market, however, to see one that stretches for so long is rare. On BIDU, the bottom stretches from 2013 and the top stretches from 2014. Now the bigger question needs to be asked, which direction is BIDU going to break? To the upside or downside? The answer is simple. With a triangle, investors are never sure. However, whichever way it breaks, there will be an epic move. The longer a triangle pattern stretches back, the bigger the move upon a breakout or breakdown. Watch this chart, be ready for a major move.
Stock chart technical analysis for investors on Baidu Inc