Baidu Inc. $BIDU has been choppy in 2019. It had me bearish earlier in the year, and turning bullish in April based on a bullish swing early in the month. However, the market has pared those April gains. If price can hold above $160, there could still be upside to $200-$210. Baidu (BIDU) Has Upside to $200, $210 if it Stays Above $160But price action is starting to look bearish already and the $160 support is being tested.BIDU Daily Chart(click to enlarge)Bearish Breakout:- First let's point out some bullish signs.- The market has been making higher highs and higher lows.- Price has broken above the 100- and 50-day simple moving averages (SMAs).- Now the bearish signs:- Price is still trading under the 200-day SMA fell below the 100- and 50-day SMAs last week.- The RSI is now testing 40. A hold above 40 should reflect a bullish continuation, but a fall below 40 suggests loss of the prevailing bullish momentum.- Price has broken below a channel support.- Price has also made a lowerlow for the first time in months, although this May low so far is barely below the late March low. A break below $160 would indeed be a more clear indication of a lower low.- If price does break below $160 we should anticipate further sell-off towards the $140 area (2016-low).BIDU Weekly Chart(click to enlarge)