$BIDU
Added 2024-10-18 14:19:33 +0000 UTC$BIDU needed to test its 50 Day MA for support which is below the 0.618 Fib but above the wedge it was in since July 2023
The pull back was harsh and testing but it remains valid and we stayed with this, mainly because I believe this is strongly undervalued and the market has not considered the value at play here, especially its AI exposure.
Like I said in the chart group today, I want to add again and we are holding above the 0.618 fib at $94 now but I want less risk, so I want a hold above the 200 Day MA at the 0.5 Fib at $98
A hold here and I'll add again
Wave 5 target is still at $120.
Comments
Thank you Cap.
Bercan
2024-10-18 14:24:25 +0000 UTCOnce Wave 5 completes, I expect an ABC correction back down to the 200 Day MA
Gareth Neary
2024-10-18 14:23:27 +0000 UTCMainly asking because i cant quite transfer capital from miner trims as much as i like haha
Bercan
2024-10-18 14:22:23 +0000 UTCHow deep could the next abc correction could be , do we think it will see these levels again
Bercan
2024-10-18 14:22:02 +0000 UTC
