The volume is more than double the daily volume. Looks like all the sellers have sold and buyers are coming in and accumulating but keeping the price down by buying small blocks. Don't be fooled by the relative underperformance today. Usually means a pop within days.
I wish you were right, but this looks like the beginning of another leg down. This stock has been in the toilet for the past week or so. Sure, it's always been resilient enough to roar back. But is this the bottom? What would the catalyst for a reversal be?
In one word "patience". Look at VMW. Everyone on that board was trashing that stock for the last two weeks as it went from 98 to 87 and POS was the operative word. I suspect many of them tried to go long too early. Take a look at it today. One of the biggest percentage gainers. Look at CRM before earnings when shorts took it all the way down to the low 120s. Everyone called it a POS. Don't forget, BIDU, like VMW and CRM are leaders in their space and even patient longs like it when shorts push it down too far for too long, because the snap back is usually vicious. So just be patient. It will continue to move higher (with some ups and downs) into October earnings. Look what happened during the last earnings. Be patient.
Doesn't anyone look WHERE most of the volume was traded? Look at the 5 day chart. It was at the beginning of the day on a huge down move. The rest is just following a VERY up day in the market. I'm OUT.