$BIDU
Added 2024-12-05 15:31:28 +0000 UTC$BIDU has bounced well on the 50 MA on the 1hr chart and we can see that it has bounced up to the 200 MA on the 1hr
This bounce means it has also broken away from the descending wedge again and has given us a higher low.
$BIDU has performed better today than other Chinese ADRs but it has also pulled back the most too, so it is likely returning to the mean where the other ADRs are positioning themselves at now too.
Staying above the 200 MA at $87 will be a positive sign and a slow move up to the blue line at $94 is what we want to see next then.
![개성인쥬스[pingkypen]](https://samsuka.com/istorage/106895.jpg)
