The Long Investor
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$BIDU
🕑 Added 2025-03-28 12:31:28 +0000 UTCUntil $BIDU is ready to breakout we wait.
Price is down -3% in the PM now and this is after a slight test of resistance yesterday at the trend line so I am watching for a retest of the 0.5 Fib at $94.40 or the 0.618 Fib at $91.85.
A hold on either level would complete the abc pull back
I suspect the 0.618 Fib would be the level of interest as this would make it a 3 wave pull back with a lower low which is the typical count view, this also aligns with the 50 Day MA moving to the 0.618 Fib at the same time.
There is also a Golden Cross here too and a good impulse wave forming, so if we get another chance to add between $91 - $94 and there is a hold, then I will be taking advantage of this and adding again.
Comments
Idir ADANova
A hold here between 91/94 for an add
