The Long Investor
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$BIDU
🕑 Added 2025-03-20 12:36:46 +0000 UTC$BIDU has tested its channel breakout level and has so far found resistance, we are looking for a higher low next, we can see that there is a confluence level around $91, where the 50 and 200 Day MA is and the 0.618 Fib level.
The 50 and 200 Day MA's can make a golden cross over the next few sessions too once the price can stay above $91 too, which is a bullish indication.
Some relief is likely needed from Chinese positions at the moment but the structure here looks good, I would like to see the price action hold on the $91 confluence level however.
