$BIDU-SW(09888)$ mild rally af

2023-08-28

$BIDU-SW(09888)$ mild rally after earnings and signs of fizzing out. Volume of trading still is weak as well. Baidu is not able to execute on its first mover advantage in AI and will continue to have all rallies sold. I expect a test of 100 again sooner than later. China's tech is not bullish long run and the the traders attempting to frontrun stimulus will only get their fingers burnt. No hard feelings.

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