$BIDU
Added 2024-08-22 13:07:31 +0000 UTCWhat $BIDU earnings has confirmed to me is that there is no reason for share price to be at its 2010 level.
It remains undervalued and I believe that the worst is behind $BIDU and we may be looking at the same reaction to $BIDU as we got with $BABA post earnings too
The HSI is also favourable here too, which is why I added it just now to offer guidance.
Let's see how the market reacts today, overall the earnings was a beat but a slight miss on revenue.
The 50 Day MA was a resistance level over the last few days, so if it can not get above this level today, I have added in the green fib levels to show where support is.
Once support is held above the 0.618 Fib at $83.78, I have no concerns.
