The Long Investor
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$BIDU
🕑 Added 2025-05-22 10:52:43 +0000 UTCI speak a lot about: 'We need to see a breakout and a hold above the support line' and $BIDU yesterday breaking out above the channel top line at $94 is another example of how important the Hold part really is.
Price jumped +5% at the opening and the price did raise its head above $94 but could not sustain its strength and we got a fake breakout.
Price is once again back to the large white 0.78 Fib at $84, that has been a support level for 12 months now
Nothing has changed and I am happy with their ER, so it's up to the bulls now to hold support and make yet another attempt at breaking out.....we have been here for awhile now....and we had the same issue with $BABA before it's own breakout
For now, we continue to hold while support is held.
