Long

$BIDU - Long Trade Idea

By TradeAlchemy

Updated

This ticker popped up on my screener set based on strength.
I am waiting for the break of the downtrend before entering. Target price is 294/295

Latest News: "Chinese Search Giant Baidu to Launch ChatGPT-Style Bot"
bloomberg.com/news/articles/2023-01-30/chinese-search-giant-baidu-to-launch-chatgpt-style-bot-in-march

Note

Pre-market pushing above the downtrend.
Pre market is currently trading @ 145.
If close above $145, I will plan to initiate a long position, using the downtrend as my mental stop loss.

Trade active

snapshot

Nice break of the downtrend.

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