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camelot0707
Apr 13, 2021 5:09 PM

BIDU - BAIDU, the google of china basically. Long

Baidu, Inc.NASDAQ

Description

in the daily chart, we have a drop from 350$ to even below 200$, primarily to the tech stock collapse in march and the Argos investment group leverage issue.


we have here the weekly chart, which also shows us the previous ATH of 274$. we are now 3 years later, with a china rebounding after the covid crisis, and with more people getting their connection to the internet.

IMO, this one can be a 5X in the next 5 years, but be aware of the risk associated with the ongoing crisis within Chinese tech stock related to their monopoly in the Chinese markets.
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