$BIDU
Added 2024-11-26 10:13:06 +0000 UTC$BIDU has now done a full round trip back to the red support line at $80, price responded well to this test of support yesterday and jumped +3% and green in the PM again.
The full circle means that we are potentially looking to start the new impulse wave again, as we went slightly lower than the low from August.
So what we are watching next is a series of higher highs and higher lows next and a drift up to the 50 and 200 Day MA's between $94 - $96.
The $80 level has been a support level for over +10 years now, I suspect this is as close to the bottom as we'll get.
Holding my position.
Comments
I am not considering it right now but I am not ruling it out
Gareth Neary
2024-11-26 10:25:29 +0000 UTCWould you add here?
AS
2024-11-26 10:14:21 +0000 UTC
