Baidu, Inc.Long
BIDU little swing and long-term gain.
BIDU have gone through the same 3.5 year pattern twice. Each iteration started with continuous growth.
Currently there is a consolidating triangle pattern, getting closer to an ultimate breakout.
It is highly unlikely for the breakout to go against the upward trend due to the fact that Baidu seems rather undervalued at the moment. P/E is just 12.4 against similar companies 30-50.
Currently there is a consolidating triangle pattern, getting closer to an ultimate breakout.
It is highly unlikely for the breakout to go against the upward trend due to the fact that Baidu seems rather undervalued at the moment. P/E is just 12.4 against similar companies 30-50.
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