NASDAQ:BIDU   BAIDU INC SPON ADS EACH REP 8 ORD SHS
$BIDU is the latest dark horse that secretly developing autonomous software and getting into EV . The recent retracement presents a good opportunity ride on China’s EV play. Volumes are building up for $BIDU and strong bounce back from 38.2 fib level. Buy on confirmation of break of 50 fib.

ENTRY: $292 - $302
TP: $438.67
SL: $247.8

Comments

Do you still consider it a good buy? In my mind considering fundamentals, its PEG of 0.11, P/B of 0.03, EPS growth this year of 866%, decent QoQ sales growth, high institutional ownership at 71% and, profitable, it is flying WAY under the radar and is poised for some massive growth.
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