$BIDU has been moving better than most Chinese tech stocks over the last year, the price has held the 0.618 Fib very well and bounced in November, we are seeing a subwave pull back now, price needs to hold the 0.618 Fib again and $107.
If there is a rotation into Chinese stocks as the US declines early next year, $BIDU could benefit very well, along with $BABA.
As always, Wave 3 is set at the 1.618 Fib which is at $243 here.