Chinese government regulatory, delisting threats, some of the reasons why price have fallen. Baidu made strong correction, has strong fundamentals, so maybe it is a good investment for long term. Q2 Earnings surpass estimates, but the price falls in the premarket. Baidu maybe will check RSI 30 oversold zone on 5 year chart (my analysis is published on 1 year chart). So this point or 0.786 fibonacci level maybe it would be a good point to enter.
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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.