Nice hold on the 0.618 Fib at $107 and bounce for $BIDU after its double beat earnings report yesterday.
$BIDU has been within its blue lines consolidating now since late 2021 and it has beaten on every earnings report since 2015.....$BIDU has been unnecessarily held down like $BABA I believe.
When these Chinese stocks are ready to take off, they will run hard.
Wave 3 here is at the 1.618 Fib at $245, when this will run we do not know but as long as it holds its impulse wave, it is possible to move a lot higher quickly.
mesainvestor
2023-11-23 15:11:24 +0000 UTC