NASDAQ:BIDU   BAIDU INC SPON ADS EACH REP 8 ORD SHS
Had a nice rally and run up to earnings . Respected the channel and was heading back down , the tech sell off here in the U.S and Asian markets just sped it up. Even with Nasdaq down 2% and Asian markets down 3-4% it still held that channel, so that's where my stop loss will be.

Targets are green line/ fibonacci

Comments

BIDU proved incredibly resilient, and this contraction was actually really healthy for the stock. Can only see upside from here!
+1 Reply
maretesus InvestEmi
@InvestEmi, do you think so? I was thinking of sell
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hello from Argentina. Sorry but I'm a bit ignorant. Can you explain with common words that analysis? I have a few pesos in BIDU and since I buy it lost 6.39%, so the question is ¿sell or not sell? thank you very much
Reply
@maretesus My Trade idea tells me to buy the dip and hold
+2 Reply
maretesus ContraryTrader
@ContraryTrader, thanks a lot!
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Interesting
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Great !
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