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AdamHong
Jun 2, 2019 3:05 PM

BIDU: Obsolete and Notorious Long

Baidu, Inc.NASDAQ

Description

BIDU has dived sharply because of its bad Q1 report which sparked several managers to quit.
This notorious giant is far behind another two giant, Alibaba and Tencent.
Although its future looks dim, a good demand zone may support the price from descending further.
Buy at 83-97
SL: below 83
TP: 162
BIDU must have a revolution as soon as possible, otherwise, more disasters are waiting for it.

Comment

The market nearly hit the demand zone.

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