$BIDU
Added 2024-08-06 12:39:39 +0000 UTC$BIDU and $BABA did not experience the same violent sell off at the opening yesterday and $BABA finished -0.6% for the day but $BIDU suffered a heavier finish at -2.5%
The wedge was lost but managed to finish on the trend line to finish the day.
Their earnings report is on the 22nd of August and it can not come fast enough, they need something to help turn this around or there will be a retest of the blue support line at $73, which was the 2022 low.
A beat from their earnings could be the positive catalyst that they need.
This is certainly in my Buy Zone now so some adds when support is found is something I will consider.
