The Long Investor
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$BIDU - WATCHLIST -
🕑 Added 2025-03-27 18:42:42 +0000 UTC$BIDU has been a real winner for us this year as we balance our portfolio with hedges against US positions with undervalued stocks, safe havens and Chinese ADRS.
It has allowed our portfolio to withstand macro influences and still hold up very well
Some of our US positions are under pressure but I am happy that they are not overvalued right now and any US positions we did add lately are looking like they have completed their own ABC corrections already.
$BIDU is approaching the $100 level now, it's a psychological level but also a 3 year trend top line.
So it is an important level that must be flipped to support in order to confirm the impulse wave.
The 1.618 Fib is at $121, I did have it set at $124 but an eagle eyed member suggested to look at it again and he was correct, something I love to see from members.
Our Wave 5 target here is $145 and very much achievable by the summer.
Comments
Gareth Neary
Thank you very much Zach, very little keeps me up at night but not having people prepared is one of them, so I had to make sure I did my best to guide on this
Zachary Alpirn
Cap - I just wanna say thank you for your hard work and your insight. I can't even imagine what my portfolio would look like if I hadn't made a considerable shift to China and Silver the last few months. You have proven to be one of few especially in tough times like right now.
