Buy the dip

There's a lot that can be said about Baidu and its prospects going forward as well as its current valuation. Needless to say, the data that has come out as well as the analyst's ratings reports show that the prospective growth in earnings is comfortably towards the upside, supported by solid fundamentals. The signals on the weekly chart also look very promising.

Its a nice stock to own along side the likes of Alibaba which operate in the same space.

Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.

Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.