Baidu, like many other China-based companies, has been in a long downturn. However, China is showing signs of economic recovery and this could be a bullish sign for China's largest companies. *Another sign is that the stock is bouncing off a support that has been tested many times. If this support holds, Baidu could be a good investment for the next 2-3 years.
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We saw the support level again in the market correction, but there is no change in my position. I continue to hold it and I continue to predict that it will go higher.