Steve Miller on $BIDU (Nov 8, 2026)

We will look at CAT, WIN and Baidu stocks.

And of course, Baidu is a Chinese stock . These are three stocks that I believe are within timeframes that allow for consideration of buying deals, and their downside risks are probably lower than others that you might choose to speculate on.

These stocks have fallen significantly and are within cyclical patterns that I will show you, indicating that they may reach the bottom and make some gains. Most likely, the worst of the downturn is over for these stocks.

but look at Baidu. This might be the best opportunity right now out of all the options I'm offering you. Here we see the huge drop because China has had a lot of trouble, and look at this upward shift here this week in perfect harmony with this cyclical rhythm.

This is when we hit rock bottom here. On the daily chart, this is the timing of reaching the bottom. Look at this beautiful rhythm here. And now it has just begun . Do you see the gap there?

Here are some resistances, but I can easily see the price reaching 85. That's the 87 level. And that 's the 78.6 level here, which is around 90. To me, this looks like a stock with hardly any downside risk.

Can I say " hardly" because things can always change? I've got an upward turnaround and momentum here. The upward shift has not yet occurred here, so we are waiting for that on the weekly chart.

But again , you can see that it's a little premature . Here, the "Salim" bar has a negative indicator and gives you a slight downward reversal in momentum there. Look at the options bias indicator.

It has kept you in a short position all this way and has not yet turned upward. So the timing is right, and the trading movement is right, but the indicators have not yet turned upwards, with the exception of the Scott reversal there, which is the most sensitive on this daily and weekly chart among all that I am showing you now.

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

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

So, I thought I'd show you a two-hour chart to give you an idea that Baidu's stock has indeed gone up. I want to buy on weak days here if Baidu stock falls below this low level.

So, that low level on that date was $75.80. This will cancel that. 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.

So, I think it's very positive. A drop below 75.80 changes the picture.