Baidu Inc. $BIDU has been consolidating throughout 2018. The daily chart will show a range between roughly $208 and $275, with a brief extension to $284 in May. BIDU Daily Chart(click to enlarge)Support Holds:- The daily chart shows that price bounced off the range support around $208.- However, the overall trend has shifted from bullish to sideways, and has been bearish since July. - We will have to see price clear $230 to take away the bearish assessment. - Then, we will need a break above $245 (middle of the range), to reintroduce the potential bullish outlook. - For now however, we should limit our upside to the $230-$235 area, and should monitor the RSI as it approaches 60.- If the market is bearish, it would likely reject BIDU from going above $235, and the daily RSI would likely hold under 60.