Baidu is ready to soar

Güncellendi
Day chart - so long as the price remains above the diagonal trend line, the price action is like to follow the U curve shown on the chart. Naturally, it would not be a linear path but with volatility. With year end and Christmas coming up, we can expect more sales for its smart speakers.

voicebot.ai/2019/09/05/baidu-is-reshaping-smart-speaker-and-voice-assistant-market-share-in-china/
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slow and steady moving upwards
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Praise the Lord. Isn't it nice to wake up in the morning to see your red (temporary loss) turn into green (profits)? That is what happened to this counter for me.

Did you buy ? You can see clearly now that there is support at 113.88 before the price goes up. Next level to break, 120.54 and then up , up and away........
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Praise Lord. It is a slow and steady ride up, we are still in it. Nothing change.
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The space between 134.55 to 152.08 is a gap to be filled up. Please note that there may or may not be a gap in the trading platform that you are using.

Again, congrats to those who followed
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techinasia.com/jd-baidu-second-listing-hong-kong

Like Alibaba, if it get listed, it would be a good chance to buy into this great company! watch out after CNY
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It is reassuring to see big tech firm like Baidu extending a helping hand in times of need.
thestar.com.my/news/regional/2020/01/27/gates-foundation-and-baidu-to-assist-coronavirus-fight-in-china
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support at 122.26 to stay else it would go further south
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Are you going to join me to long ?

Initially , Tech stocks especially in China were unscathed as the Coronavirus gets worse and we witness more travel, hospitality, tourism stocks get battered down. I was thinking that Tech was a good defence in this period but Mr Market surprised me later as worldwide tech stocks come tumbling down as well, sparing no sectors (most) at all.

Now, the chance is here, would you take it or would you wait some more ? Yes, it is not easy to make a decision especially if one is hurt or bruised badly from the recent sell down. Like a trained soldier who had been through multiple battles, he become seasoned and recover faster than usual and is combat ready for the next one.

The hardest battle is not in the field out there but remains between your ears. What goes inside your mind is crucial. If you allow this recent sell down to scare you or you start saying things like I am a failure, I am stupid, I am not suitable to trade/invest, then I urge you to STOP.

Even the professional with high tech algorithm software and have access to much more information are also suffering. So let's be reasonable and not be excessively too hard on ourselves. You did your best, exercise risk and capital management and have employed stop loss as I often advocate.

What doesn't kill you makes you stronger , so sing Kelly Clarkson and we must be stronger. Do not let your vision fade off. Revisit your vision , your dreams and goals that you wanted in the beginning. What makes you want to trade/invest ?

The vacation that you promised your kids or family is and will come true albeit at a later time. It is OK. So is the gift that you wanted to surprise your loved ones! Don't let this selldown hold you hostage and threaten or coerce you thinking you can't make it. This inner voice , this demon must be demolished at once , daily and nightly until it is gone.

Like the phoenix that rises up from the ashes, so we too must follow its spirit of rebounding. We deserve another chance , a chance to chase our dreams and goals so that our loved ones can have a better lifestyle as we promised.

Read Hebrews Chapter 11 where it stress over and over again how his disciples with unwavering faith emerge victoriously at the end of their ordeal. We too are victorious in the eyes of God and he will fulfil his promises to us.
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A fantastic run up last night, expecting some corrections ahead. Take partial profits if you had longed in March
baiduChart PatternsTrend Analysis

Feragatname