$BIDU
Added 2024-07-03 11:17:09 +0000 UTCIt has been reported this week that $BIDUs Ernie (its rival to Chat GPT) has over 300 million users now, if ChatGpt reported this user base when it started, this would be front page news.
$BIDU has managed to hold support on the bottom trend line and looked like it was potentially losing it earlier in the week but managed to bounce and performing well in the PM now after the HSI had a strong day.
I want to see $BIDU get back above the blue line at $94 before we can start considering that the worst is behind us.
It also goes without saying that I believe $BIDU is undervalued in this position right now and those that have not added or started a position, should consider one, if you are comfortable buying Chinese ADRs.
