Baidu Trading Analysis (04/08/2025)
The trend is ascending. The stock is trading within the 365-135 ЕМА range. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the truncated descending structure.
- Stop-loss at 85.40.
- Price targets are 88.90 and 93.20.
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