$BIDU
Added 2024-08-26 13:51:49 +0000 UTCNice bounce today which is going against a number of the other Chinese ADRS but instead following the HSI.
We know that $BABA started moving a few sessions after its earnings too so this is what we want to see here too.
I can see 3 waves pulled back here and a hold above the 0.618 Fib, so this is how we want to see a corrective wave end and to start a new impulse wave.
The 50 and 200 Hourly moving averages are just above now $87.65, converting these two to support and this will be a positive sign.
A rejection here and it is down to test the 0.5 or 0.618 Fibs again.
