Baidu $BIDU has been consolidating since it came up to $275 in October 2017. After coming down to $225.50, share price started to trade sideways. But in 2018, price action has been bullish, and it looks like BIDU has broken out of its consolidation range, signaling a continuation at least back to the $275 high.BIDU Daily Chart(click to enlarge)Bulls in Charge:- The daily chart shows that price is above the 200-, 100-, and 50-day simple moving averages (SMAs).- We can also see that price appears to be moving up from its center of consolidation.- I think we should anticipate a test of the 275 high, with a strong potential of breaking higher. - If prices pulls back, a hold above $240 would be a sign that bulls are still in charge. A break back below $240 could signal further consolidation or bearish correction.