BIDU/N trade ideas
BIDU may break out above 200BIDU has not been able to break out of $200 all of 2016 and has had no success so far in 2017. It is now inching up there so this $200 area here right now is quite critical. Keep it on watch. We may have a trade in one direction or the other.
LONG TO BIDU FOR LONG TIME NASDAQ:BIDU
After Many Good News in Baidu like Partner ship with (Nvidia & Microsoft), they would cooperate
on the developing of a self-driving solutions (Autonomous Driving)
The company announced that more than 50 partners have joined the (Apollo open autonomous)
driving project and highlighted the variegated nature of its partners:
Members of the Apollo alliance are from a wide range of sectors. They include leading vehicle manufacturers, such as Chery Automobile,
FAW Group Corporation, Changan Automobile Group, and Great Wall Motors; tier 1 suppliers, including Bosch, Continental Automotive,
ZF Friedrichshafen AG, among others; key components providers, such as NVIDIA, Microsoft Cloud, ZTE,
Velodyne and TomTom; startups, including AutonomouStuff and Horizon Robotics; and ridesharing companies, such as UCAR and Grab Taxi.
The alliance also extends to five top universities and six local governments, including Wuhu in Anhui Province,
Baoding in Hebei Province, Yizhuang in Beijing, Chongqing Liangjiang New Area, and Shanghai International Automobile City.
Bearish Harmonics Suggest Lower into EarningsShorter-term features in context of a longer-term bat pattern + impending event. Today's trade : xdaystogo.com
Long BIDU by selling Put Spread Aug 170/165Bidu seems found support and the pull back bottoms were in upper trend.
Position
Sell Put Spread: -1x170, 1x165
Premium: $1.21
Breakeven: $168.79
PoP: 69.48
Target Profit: 50% of the premium.
4/8ema Bull CrossThis indicator shows gives Buy/Sell alert when there is a Bull and Bear Cross
Bull Cross = 4ema cross over 8ema
Bear Cross = 4ema cross below 8ema
Bearish Harmonic Bat PatternCouple the obvious with a converging MACD and divergent RSI (i.e. lower since late April as the stock has pushed higher) and it looks like BIDU heads lower... xdaystogo.com
Weely chartLooks good. Going to watch how it reacts with those green RSI lines. Still trying to test that strategy out. Thanks to Eric Muathe for all he has taught me.
If anyone has any recommendations please reach out to me. Open communication only makes us smarter :)
$BIDU ShortBIDU pulled back from channel upper resistance at $193. Looking for a move back sub-$190 in short term.
$BIDU on the monthlyLooks to be the start of a breakout. This is just something for me to learn from and gain experience. Please comment any ideas that you might have on my charting. Was unsure on the trend lines. Second guessing their placement with concerns on the start of line; should it be at the close or at the intraday highs????. Note that this chart has the log scale enabled.
RSI breaking 50. Would like to see uniformity in the MACD, meaning it touches zero and goes right back up with symmetry .
Help me learn people! :)
Let me know if you agree with the strategy/charting
$BIDU
