$BIDU
Added 2024-10-15 16:28:41 +0000 UTC$BIDU has been one of the weaker Chinese ADRs as it has not held the 0.38 Fib or the 0.5 Fib.
I am back even now and flat on my position as the price tests the 0.618 Fib and the blue support line at $94, which is a confluence level.
We don't really want to see $BIDU lose this level now because the last support level will be the 50 Day MA at the descending wedge breakout level at $91.30
Below this level and the impulse wave in its current form would be invalid.
I am of course holding my position.
