The Long Investor
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$BIDU
🕑 Added 2025-03-04 11:25:15 +0000 UTCChinese ADRs are green across the board today, as the market quite rightly understands that the market has been anticipating these tariffs and China is more than capable of countering with little to no effect on the Chinese Economy.
Price action here is again sitting on the 0.618 Fib, as it is with $HIMS and tested the green support line yesterday and held.
Wave 3 is aligning with the 200 WMA and the 1.618 Fib at $124 now, which is something we always like to see.
The ideal scenario here would see $BABA retest the $121 level and $BIDU having its turn to move into Wave 3 as $BABA retests a higher low.
Comments
John McCarthy
Any thoughts on PDD? Much appreciated 🙏
