Baidu, Inc.Long
Baidu Wave Analysis 28 January 2025
- Baidu continues weekly upward correction
- Likely to rise to resistance level 95.00
Baidu continues to rise strongly inside the upward correction which started earlier from the major multi-year support level 80.00 (which has been reversing the price from 2022).
The upward reversal from the support level 80.00 created the weekly Japanese candlesticks reversal pattern Bullish Engulfing.
Baidu can be expected to rise further to the next resistance level 95.00 (which stopped the previous weekly correction 2 at the end of last year).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
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Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.