A needed cooling down has happened today in the HSI and we can see that $BIDU has pulled back to retest the 200 Day MA in the PM now
A hold here at $91 and Wave 2 is complete for me and next we can expect a test of the channel breakout level at $100 and attempting to breakout for Wave 3
But if the 200 Day MA is not held then a test of the 50 Day MA on the 0.5 Fib at $86 would be very attractive for us to add at if there is a hold here.
Many people will be kicking themselves that they did not add $BABA in the Buy Zone but there is always the close second with $BIDU.
Boons
2025-02-11 19:29:41 +0000 UTCDC
2025-02-11 13:34:08 +0000 UTCDC
2025-02-11 13:33:54 +0000 UTC