$BIDU
Added 2023-09-16 04:09:46 +0000 UTCLooking at the $BIDU you would never suspect that their was any issues or concerns with Chinese ADRs, the price is currently sitting above the 200 Day MA and has been moving sideways in a bull flag for the last few months accumulating.
The trend leading into the bull flag was bullish, so we expect the trend to leave the bull flag to be bullish too.
Looking slightly more comfortable here compared to the $BABA chart, mainly because it is above its 200 Day Moving Average.
I suspect $BIDU will continue sideways and $BABA will go to the end of its wedge apex, so we can expect very little changes for now unless a catalyst positively influences Chinese ADRs and they react accordingly.
