Steve Miller on $BIDU (Nov 6, 2026)

And of course, Baidu is a Chinese stock.

But look at Baidu. This might be the best opportunity right now out of all the options I'm offering you. Here's the big drop here because China has had a lot of trouble. And look at this rise here this week, in perfect harmony with the rhythm of this cycle. This is exactly the timing of the bottom here.

On the daily chart, here is your bottom timing. Look at the beautiful rhythm here. And now it has just begun. You can see the gap right there. There are some resistances here, but I can easily see this going up to 85.

This is 87. This is the 78.6 level here, and it's around here at 90. This looks to me like a stock with hardly any downside risk. Can I say "hardly" because it can always change?

You have an upward shift in momentum here. You have an upward shift that hasn't happened yet here. So we are waiting for that on the weekly chart. But again, you can see that it's a little premature.

Here's the negative "Slim Ribbon PO" bar that gives you a slight downward reversal in momentum there. Look at the options bias indicator. It has kept you in the selling position all this way and has not yet turned upward.

So the timing is right, and the trading action is right, but the indicators have not yet turned upwards except for the “reversal detector” there, which is the most sensitive on this daily and weekly chart of all that I am showing you now.

So I'm sure that Baidu's two-hour chart gives a completely different reading there and might even turn positive. This gives me the motivation to look at this chart for two hours and bring it here to Baidu for you to see.

So this is the two-hour chart. And you can see when I look at this that it has now turned upwards here. This has turned green. This is a pair of moving averages of momentum that have crossed over and turned positive.

So I thought I'd show you the two-hour chart there and give you an idea that Baidu has already turned bullish.

I would like to buy, you know, during the weak days here if Baidu's stock falls below this low level. So, that low level on that date was $75.80. This will invalidate everything.

Everything I just told you about these positive things will be wrong or premature, and we will have to wait for a more complicated bottom to form. Therefore, I think the extremely optimistic outlook will change if the price falls below 75.80.