BIDU is down nearly 50% from about $152 in May 2026 to $78.82; weekly support from a 2022-2025 trend line, gap fill at 78.47, nearby low pivots and oversold RSI 32.32 point to a near-term bounce, potentially to $89, and he would be very surprised if it does not bounce here.
Jump to any passage
This chart is on BIDU. Now, this is a Chinese stock. Now, look how much this stock has declined. We're looking at May of 26 over here at a price around $152 and now we're nearly 50% off uh just since May, dropping all the way down to $78.82 at the close.
But you see what I've gotten drawn on this weekly chart, guys. We've got a low pivot back here in October of 2022 connected over with a low pivot here in April of 2025. That trend line all aligns right here at $7586.
There's also a gap fill at 78.47. There's also this low pivot here at 7471. And lastly, there's another low pivot at 7358. All stacking up right here in this range.
Throw a little cherry on top. We've got some oversold RSI going here, too. 32.32 on the weekly time frame. If we don't see a bounce in this general area, I will be very surprised on the chart of BIDU.
It's just technically all around it in needing of some near-term technical relief and a bounce potentially up here to this previous uh low red candle right around $89.
What this channel has said about $BIDU
Verified Investing has 3 calls on this stock; only the adjacent ones are shown.