The main concern or reason for the tumble in stock price would be China’s increased regulatory scrutiny over tech firms during the past few months.
On top of that, people also might be worried about delisting threats for Chinese companies by U.S. regulators.
But on the other hand, people should look at how
BIDU is expanding its horizons, for instance, the company ventured into AI space last year, and also launched an autonomous taxi service in China.
Yet, the stock price doesn’t seem to reflect optimism or an open mind to Baidu’s evolving business.
BIDU has two strong support levels on the major timeframes. $137 & $80.
I suggest keeping your eyes on these levels for an opportunity to go long.
Price also oversold on the daily & nearly the weekly.
- Factor Four
On top of that, people also might be worried about delisting threats for Chinese companies by U.S. regulators.
But on the other hand, people should look at how
BIDU is expanding its horizons, for instance, the company ventured into AI space last year, and also launched an autonomous taxi service in China.Yet, the stock price doesn’t seem to reflect optimism or an open mind to Baidu’s evolving business.
BIDU has two strong support levels on the major timeframes. $137 & $80. I suggest keeping your eyes on these levels for an opportunity to go long.
Price also oversold on the daily & nearly the weekly.
- Factor Four
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.