Bai Bai Resistance for Baidu

The morning after a "Bai Bai Bai" Super Bowl commercial, above, China internet giant, Baidu, is making some noise for the first time in a while.

Specifically, over the last few months BIDU has been rather quiet in comparison to other China internet stocks, such as JD. But as one of the bigger China names in terms of market cap, I was looking to see whether BIDU would eventually participate. 

And that certainly seems to the the case thus far on a slow morning in the broad market, as you can see on the daily chart, below. Note how the purple line marks prior resistance support which then converted into resistance. 

But now that area appears to be holding as support, again giving China internet bulls hope for a momentum run in the space. We have a few fresh ideas worth of note for Members in this group if this morning's bounce is just getting the started.