Will it Be, "Bye-Bye, Baidu"?

Baidu, China's version of Google, reports earnings tonight amid another increase in dislocations in the Shanghai Composite. 

Technically, BIDU remains mired in an established downtrend, seen on the daly chart, below, with declining longer-term moving averages above price. The recent bounce may have served as a reprieve to underwater longs. But risk certainly remains lower, especially with the sheer size of the moves we have seen in China of late. 

Beyond that, I suspect the reaction to BIDU earnings should serve as a good pulse on just how dicey things truly are in China, or instead of this is little more than an overblown, slow-summer source of headlines.