Did Baidu Just Win The Self-Driving Car Race? BIDU Stock Analysis

#investing #trading #stockmarket

Hi all,

#baidu was one of the best preforming stocks in the stock market today. Moving up close to 10% at its intraday highs. It was moving on the news they launched a massive self-driving car pilot that could mean they might be the first to the market with the technology. This could be explosive for the stock, especially with how beaten down its been.

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[lowdowski]

We need to see the weekly trend change to uptrend. Stay patient. Maybe at best will try massive double bottom.

[labanh]

Thank you. I bought $100 strike price on 7/10/24. I hope it’s a structural move that will go North.

[RoTelnCheese]

I love trading Baidu. Would never trust it enough to hold it longer than necessary

[Jonah-SF]

Long BABA but, maybe I'll nibble later in the week