Hubert Senters here.
Let’s take a look at BIDU. Challenge version of Amazon, right. So nice little chart here. Looks really close to — actually compare them AMZN versus about a – they’re close. I mean they’re not perfect but the chart pattern looks similar BIDU plus Amazon’s trading is substantially higher.
Price number was – oh, well, that look mad. If BIDU can get above this most recent resistance of $267-ish to let’s say $275-ish so about a $10 point spread this is probably off to the race. So if you ever go man, if I had only invested a thousand dollars on Amazon on the IPO at first couple of years I’d be sitting on a lot of money right now.
Well, you could do basically the same thing here with BIDU and they probably have a bigger more base that they can potentially play off of in Asia, right. So it might be a potential bigger player in the future. And if you’re doing a lead versus lag Amazon’s obviously leading this will be a lag.
But you also have just the population number there, right. Now, whether they could spend as much GDP wise or consumer spending wise as United States. Who knows? As Americans we love spending money on crap so we could probably beat them. But you never know it can be a pure numbers play.
But overall it looks technically pretty sound here. Now, it isn’t a little bit of a sideways consolidation. But if it can clear to $267 to $275 I see no reason why it couldn’t go to $320 to $350. So add BIDU to your long watch list.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
