BIDU: EV Dark Horse

BIDU is the latest dark horse that secretly developing autonomous software and getting into EV. The recent retracement presents a good opportunity ride on China’s EV play. Volumes are building up for BIDU and strong bounce back from 38.2 fib level. Buy on confirmation of break of 50 fib.

ENTRY: $292 - $302
TP: $438.67
SL: $247.8