When people think of Chinese stocks, they immediately think of $BABA, $BABA represents China so it takes the hit on most of the US - China tensions but there are many Chinese stocks that are continuing to do well in spite of tensions. $LI and $BIDU being two examples.
$BIDU's chart is looking like $LI's chart from 2 months ago.
- Above the 50 and 200 Day MA now\
- 50 Day crossed upwards through the 200 Day, bullish.
- Wave 2 held exactly at the 0.5 Fib
If the price action can get above the previous high at $160, the bull case is confirmed.
Straight forward here.
alexkim1211
2023-08-04 15:51:00 +0000 UTCalexkim1211
2023-08-04 15:50:37 +0000 UTC