$BIDU
Added 2024-09-23 14:38:21 +0000 UTC$BIDU is the one stock I want to see performing well, its fundamentals do not justify a price this low, it is very rare that a company can buy its entire share allocation with its own assets.
Price broke through the 50 Day MA and bounced strong, what we want to see is a break above the previous high at $90.40 next which will confirm the trend higher.
Something $BIDU has not done for some time.
A break above this level and the blue line at $94 is the next target, which I will be happy to see, which will mean I am green here, I will not add to $BIDU until we see a firm hold above the blue line.
Comments
If the bulls get drive this above that blue line, the more inv. will buy. The thinking could be, if it hits the line and gets rejected(resistance) it would fall back. If it crosses and shows strength above the line(support) .. more buyers see value there. I bought Friday knowing I am early, a little risk. fwiw
Labo
2024-09-23 15:22:25 +0000 UTCHorizontal blue line is support/resistance
John
2024-09-23 14:51:51 +0000 UTCAhh, that's a new one on me. I thought it was an ema
Joseph Combs
2024-09-23 14:42:29 +0000 UTCHistorical support/resistance lines
Gareth Neary
2024-09-23 14:40:32 +0000 UTCWhat exactly is that blue line?
Joseph Combs
2024-09-23 14:40:14 +0000 UTC
