Baidu - how much lower?
Baidu looks like it’s breaking a local downtrend, confirmation would be a break out of this descending wedge. Whilst US stocks are dropping today, Chinese stocks are showing signs of putting in a local bottom.
I went long at $90 and moved my stop loss at break even. I expect Baidu to start outperforming the US AI names over the coming months.
I went long at $90 and moved my stop loss at break even. I expect Baidu to start outperforming the US AI names over the coming months.
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