Share price of Baidu (BIDU) has been sharply bullish in July. We recently noted that this push was threatening a key consolidation resistance, and that a breakout opens up further bullish outlook. This breakout has materialized this week.BIDU Daily Chart(click to enlarge)Breakout:- The daily chart shows a market that has been in a sideways consolidation.- There was some congestion as well, which formed a triangle.- Now, the triangle as well as the range resistance is broken.- This breakout opens up the 218 high from late 2015, then the 252 high from late 2014. Anticipating a Pullback:- Also, if there is a pullback, consider support if price comes down to the 190-195 area, and if the RSI is back around 40.