The Long Investor
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$BIDU
🕑 Added 2025-01-13 11:55:56 +0000 UTCContinues to search for support and has made a lower low now too below the red support line which was the low in August.
Price action is deeply into this descending wedge and the trend is unfortunately strong.
By losing this red support line, the blue line comes into play at $73 which was the low from October 2022.
$BIDU, like $BABA and many of the ADRs will need a good earnings and the HSI to finally find support and reverse.
