BIDU $217.22: Potential double bottom within a 4-1/2 month falli

BIDU rallied off the 202.20 low (March18, 2015, above the 199.70 spike low (February 13, 2015)) back above the 200 day moving average (currently at 209.24) to test the 217.85 5-week range high (March 6, 2015). Bullish MACD suggests further upside remains favored. Clearing the latter would confirm a double bottom at 202.20 (as shown on the daily chart) and trigger further gains towards the 221.52 area (January 30, 2015 range high) near the 4-1/2 month falling channel resistance. Above would bolster for 233.50 (double bottom target 202.20-217.85 from 218.75) near 234.67 lower high (January 26, 2015). Immediate support levels are 211.50 (March 23, 2015 reversal low) and then the 200 day moving average.