With the market weakness seen last week, the BIDU share price moved below the lower boundary of a topping pattern confirming a significant top is in place. It's also notable that the CQQQ and KWEB ETFs have been significant under performers in the US, suggesting underlying weakness in the space.
The price target from the topping pattern is ~150. However, as always, timing is key here. Whilst I'm expecting further weakness in equity markets both in the US and globally as discussed here, price could conceivably move back toward 215 -220 before failing again.
Any sustained move higher that remains in the zone of the pattern then I would turn back to neutral on the name. It would take a move to new all time highs before getting bullish on the name again.