Recently BIDU(Chinese tech gaint on search engine and AI) annouced their new AI research chip "Kunlun", meanwhile their driverless bus Apollo are released mass production. (www.youtube.com)
I was a little suprised that BIDU's price are not reflected those news immediately, (could because of Independce holiday?), but yesterday the price of BIDU finally got boosted...
As chart shown, the uptrend channel started from 2017-june is confirmed. Currently(2018/07/03), VMW is trading at $161(ATH). Also, the active smart money index is another positive indication. However I see the price is overbought at short term, and it may fall down to uptrend support $151-$153. Overall speaking, from technical charting point of view, VMW is long term buy.
