After more than 40% super rally beginning from 24 Sept 24 where China first announced its stimulus, the whole world sits up and was surprised by its parabolic rally. In a week or so, this stock has went up 40% much to the delight of short term traders who bought options or went in for a quick buck (provided they left at the peak)
Now, you can see the current price has gone below where it was from 24 Sept, which means anyone who bought this company shares after 24 Sept are sitting on pretty high losses........
It is very likely for it to revisit the 80 dollar marks at the rate the price is falling..........
If that happens, it would make a nice triple bottom (maybe) before we see a possible rally.
I did share I am not vested in this tech company despite owning Alibaba, Tencent , Meituan ,etc
(tradingview.com/chart/9888/j3AQ9e52-Why-I-am-not-buying-Baidu/)
Now, you can see the current price has gone below where it was from 24 Sept, which means anyone who bought this company shares after 24 Sept are sitting on pretty high losses........
It is very likely for it to revisit the 80 dollar marks at the rate the price is falling..........
If that happens, it would make a nice triple bottom (maybe) before we see a possible rally.
I did share I am not vested in this tech company despite owning Alibaba, Tencent , Meituan ,etc
(tradingview.com/chart/9888/j3AQ9e52-Why-I-am-not-buying-Baidu/)
Nota
I am not happy that my foresight was proven right once more on this Company, Baidu. Despite its lacklustre stock performance, the company has not launched any shares buyback program unlike Alibaba or Tencents....Looks like it is going to revisit its all time low of 75.25 in Nov 2024 . .....Nota
75 - that is the lowest price it went , not once but thrice. From last November till now, there has not been much rally, pretty sad. 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.