Look at $BIDU go, $BABA is getting a lot of attention as it is seen as the front facing company of China but the other tech stocks out of China have been equally as impressive.
$BIDU, like the HSI is also at its 2.618 Fib in the PM now, also extended too.
I do not want to see $BIDU go much further than this without giving us a Wave 4 first, which is conveniently aligned with the 1.618 Fib level too at $98 and soon to be the 200 Day MA
This would be the perfect pull back level for us to add again.
We are a long way away from losing that wedge bottom line 3 weeks ago now.....well done to everyone who held with me
I had one instruction: Keep with this as long as the fundamentals remained undervalued, it wasn't easy but we are rewarded now.
Lars Henning
2024-09-30 18:27:06 +0000 UTCNick E
2024-09-30 10:15:01 +0000 UTC