BIDUD trade ideas
BIDU - Diamond Performance CubeDiamond Patterns, at the top or bottom of impulsive moves, can function as a reversal or continuation patterns, offering large rewards embedded in the uncertainty. . The Diamond Performance Cube is an experimental scenario planning tool designed to identify upside and downside targets (dotted lines) for the diamond pattern. I am scouting a bull back test of the light blue dart for a play to upside.
BIDU Hints at Joining EV Market, Why not Cash In with a Headline
Revised resistance levels for BIDU.
The EV story line will probably carry this higher, rightly or wrongly, but when you
consider Nio has a M/c $20bil large than Bidu it would be justified .
Up 17% from the breakout and the RSI is extended so trade with care and reasonable expectations.
Upside targets $185- $200
Cup and Handle Ascending TriangleLooks like BIDU has broken from A triangle and the cup and handle pattern..
Bidu broke neckline of an inverse H&S pattern earlier/see previous chart on BIDU..
Support can be found at handle low (HL) or mid cup which is 114.55..
There should also be support at top trendline of ascending triangle..
Possible rising wedge forming due to lack of touches on trendline..ie.. ? marks..
Buy red sell green
Happy holidays!
$BIDU with a slight bearish outlook following earning The PEAD projected a slight berish outlook following $BIDU earning release with a negative under reaction placing the stock in Drift D
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BIDU - 4hour chartBIDU was close to breaking out , but short Friday and low holiday volume held it back. I got in a swing for Monday, I have a feeling it will break PM(premarket).
LONG: break of 140.85
TG1-142.5
TG2-144
TG3-145
TG4-146.44(Strong Resistance)
IF it break that with volume you could see it head to the 156--> than 162. (I will not hold that long unless its a clean movement with volume)
SL is 20-30% or around 136.5 . Use risk management and proper position size.
If it breaks to the support...
Break of 133
TG1-130.52
TG3- 124.92(Strong Support)
TG3- 114.59