I will continue to share this chart in this bullish set up and believe $BIDU is in a strong position to follow the HSI and Chinese ADRs higher next, after finding support on the 0.618 Fib and now back above the 50 and 200 Day MA's now.
A retest of the 200 Day MA at $90.40 would be welcomed here and give another buy signal, before bouncing higher to test the channel breakout level at $101.
When this breaks out, this could move quickly in Wave 3 and the PT is the 1.618 Fib at $124.
I have been alerting that I have a position here and I have been adding lately.
Danny James
2025-03-07 15:12:44 +0000 UTCJohn McCarthy
2025-03-07 09:06:04 +0000 UTC