I am going on record now
That when $BIDU FINALLY breaks out and reverses and follows the same reversal trajectory as $BABA, I will be doing a lot of victory laps on this one.....it is one of the most hated stocks but the fundamentals are still very strong......we have been here a lot of times and I have shown that patience with undervalued positions typically are very rewarding and $BIDU will be another example of this.
Price is now testing the channel breakout level now at $93, we need a break above this line AND holding.
Holding above this level and there is a move up to the next blue support/resistance line at $116.
Holding above $93 is also another buy signal.
Bullish PT is above $160.
DC
2025-05-14 12:55:54 +0000 UTCGareth Neary
2025-05-14 11:07:47 +0000 UTCTommyJR
2025-05-14 11:07:05 +0000 UTC