$BIDU
Added 2024-06-28 10:24:07 +0000 UTCI am tempted to add here shortly as the price tests the wedge trend line, I want to see a hold of support first and some consolidation and that will likely be enough for me to add to my position.
Big Tech stocks like this as a rule of thumb are attractive under their 200 Day MA and $BIDU's 200 MA is at $110 right now, with very strong fundamentals.
A member has said to me recently, the market is not factoring in China's exposure to AI....a correct statement which we believe to be foolish by the market and therefore an opportunity.
We don't need $BIDU to even run in an impulse wave to make impressive profits here, a drift back up to $160 is 130% gain, which would likely take over 12 months to happen I believe.
Comments
Apple has to work with Baidu for their phone in China
Jedi
2024-06-28 18:41:03 +0000 UTCDo not factor exposure to AI and anticipated upcoming bull market for beaten down Chinese stocks (BABA, BIDU, JD). Increased my positions in those 3 by 25% this morning
niorthey
2024-06-28 14:44:12 +0000 UTC
