Mar8 weekly chart reading: BIDU

Weekly chart:

• The long term trend seems not broken yet. It makes sense if the price goes down to 175-200+ and then goes up on this trend line. But that means a big down from the current level.
• The triangle pattern will be broken out. Most likely it will go down, let's wait and see.
  

Daily chart:

• The intermediate uptrend since Aug 2007 was inversed in the beginning of this year.
• Now we have a triangle pattern. Let's wait and see if it goes down from here.
• TA indicators are neutral to bearish.