Baidu, Inc.
เพิ่มขึ้น

bidu call

still bullish on china. took 12 days to hit initial $92 price target. my feel on china currently is it is still on a bearish side when you look at monthly tank seng index. aka hang seng index.
but china is using strong words showing their determination for recovery. and with trump as pres-elect, There is no way XI is just gonna chill there but hes gonna try to bring the competition. China will not let America leverage their position as the market leader to gain even a further advantage. Competition is good. and both competition can thrive and grow at the same period. The biggest risk is how far will the trade wars go and what further stimulus will the CCP announce? The entire market moves 8-10% in either direction based on news of the stimmy. I think if this bullish momentum dies, which i think would be when it is below the weekly 50 MA at 17.5k. then it could get bad quick. i wont be hesitant to dump if it gets near my target.
Chart Patterns

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