Finishing the week strong with a breakout from the descending wedge which is a bullish formation.
Price has also held the 0.618 Fib at $107 and bounced, and now above the 50 Day MA.
I can also see 3 clear ABC waves in this pull back since early 2023.....and with the HSI breaking out today, this is in a strong position, along with $BABA.
$BIDU report their earnings on Weds and they have not missed on earnings since July 2015.....I will likely start a position here soon.
Dillon Lay
2024-02-24 05:28:05 +0000 UTC