$BIDU has now bounced on the red line and has burst through the 50 and 200 Day MA and is still above the 200 Day MA now at $93.
We know that a pull back will come but right now we are still in the first Wave, I suspect between now and the wedge top line at $104, there will be a pull back and if it comes as a retest of the 200 Day MA from above at $92 then we have a very clear buy signal and I will be taking advantage of that.
Chinese ADRs are looking very very good right now.