Chinese stocks will rise again. BIDU, Part 2.

27 Kas

Its important to look at the yearly chart to get the high time frame trend. If BIDU holds $43.11, this is still a higher low on the yearly chart. I love how $162 is already tested and my main target would be $295 top fib level. This fib is all .618 and pulled the all time high to the the swing which created this high. My buy box is also an untested yearly level which we should see reaction off.

Part 1 covered NIO and I also see a very similar play with NIO and BIDU which gets me excited. Will Chinese stocks rise again? IDK, but I am going to be taking the trade.