- 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.
Note
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.