BIDU Potential UpsideWas just playing around with BIDU and noticed an inverse head and shoulder. Thought it would be helpful for anyone who has bullish thoughts on BIDU.
BIDU trade ideas
Cup and handle pattern on BIDUWe know the market in general terms. It's in an "overbought" situation. However, our job here is to analyze any chart and make conclusions based on what we see.
What can we see here?
-The price made a new ATH after breaking the major resistance zone.
-After that, we can see a Flag pattern on the Edge of the Major resistance zone.
-From a technical perspective, this can be considered a Cup and Handle Pattern.
The lines you can see on the chart are:
Greenline: Activation level, there we will open our setup
Redline: Invalidation level, there we will ser our stop loss, or we will cancel our setup if the price reaches it without executing our trade.
Fibo extensions: The first one is our Break-Even level, and the 2nd one is our final target
Remember: This is another setup, which means that you should be open to a stop loss or a profit. When you are trading chart patterns, you are creating an edge over 100 setups. The most likely scenario is that you can have 35 Take Profits, 40 stop losses, and 25 Break-Evens. With an average risk-reward ratio of 1.8, you are profitable. That's how a real strategy behaves.
Thanks for reading!
BIDU is going to sell off soon!BIDU has a engulfing candle pattern on the Weekly chart, signalling a reversal.
Again, there's the engulfing candle pattern today!
However, it is still a counter trend trade. So trade cautiously.
Therefore, there's only 1 target profit at the $260 level or the 50MA on Daily.
Disclaimer: Not giving any trading and/or investment advice. Just sharing my chart observation.
If you have any symbol that you'd like me to analyze, just drop me a comment.
Thanks!
Baidu Inc.Good day traders,
We position us short in Chinese tech again. According to a contact of mine in Washington, the Biden administration plans to impose a Trump-era rule aimed at combating the rising importance of Chinese technology firms .
The rule, that the Trump administration proposed in November, enables the Commerce Department to ban technology-related business transactions that it determines pose a national-security threat. It is also aimed to secure US supply chains. It puts further pressure on Chinese technology companies such as Baidu, as it limits their possibility to enter the US market or get any substaintial market share. Baidu saw some tailwinds recently after news that it plans to enter the EV market in a cooperation with Geely - however, it went quiet on that venture and there were no reports of progress in that direction.
Bidu channel tradeHad a nice rally and run up to earnings. Respected the channel and was heading back down , the tech sell off here in the U.S and Asian markets just sped it up. Even with Nasdaq down 2% and Asian markets down 3-4% it still held that channel, so that's where my stop loss will be.
Targets are green line/ fibonacci
$BIDU Nearing Daily Support! Reversal Coming?Video Breakdown on $BIDU! Currently in a Descending wedge heading towards our daily support!
BIDU: EV Dark Horse$BIDU is the latest dark horse that secretly developing autonomous software and getting into EV. The recent retracement presents a good opportunity ride on China’s EV play. Volumes are building up for $BIDU and strong bounce back from 38.2 fib level. Buy on confirmation of break of 50 fib.
ENTRY: $292 - $302
TP: $438.67
SL: $247.8
EMA Trading TNTPara hacer Trading yo necesito 4 EMAs: 200 (roja), 20(azul), 8(amarillo) y 5(lila), yo trabajo en corto por eso la 8 y 5.
Taking the shorter route to SuccessRead latest news here
I am bullish on this counter since my first trade post here
I have my research done, study the charts and have done a risk/reward analysis on my own. How about you ? Are you chasing stocks like some of these retail investors here ? I am not sure what will be the eventual verdict but it is highly unlikely the retail investors are going to win, imo.
Brokerage firms have all sorts of disclaimers often written in lengthy and small prints to protect themselves so we OWE ourselves this duty to do our own due diligence. Read more about Gamestop here . The 2330 hour candle is way too scary with many shortists wanting to bring this stock down and they succeeded. And the last players who continued to chase the stock , thinking the game has not stopped yet will suffer the most losses.
In another separate portfolio, I have also invested in several ETFs ( here , here , here and here (just to name a few )
In ETFs, what I like is the analysis and companies or sectors have been carefully selected by the professional managers with good track records and you simply ride on the trend. A much lazier method but nevertheless still offering me good yields thus far.
Perhaps, the younger investors are more risk takers these days and have more capital on hand to play the market unlike my time where I had to work several part time jobs to save for it. But due to my greed and ignorance, I blindly followed the crowd and got drawn into the illusionary fanciful world of fastest returns in shortest possible time. Oh yes ! It does happen and I can tell you the feeling is incredible. You didn't want it to stop (not what you are thinking ,haha) and would jump onto the next hottest stock (just like Gamestop and AMC Entertainment) and before you know it, you are in for a nice tumble.
It hit so hard, so fast that you could not even stop and cry about it. It is that devastating.......I swear I would never go back to those days again.......and Praise God for he is merciful and he did turn me around. I have not look back since and hope through my story, sharing, trade posts here , 1 on 1 coaching, etc , I could inspire more people to trade and invest properly and make some decent gains at the end of the day.
This is my very first publication on Trading View! $BIDUBIDU had a great run up past few weeks, very consistent and in-line with the direction of the market. However, I didn't personally consider it an out performer until it broke 285 resistance. Speaking from technical point BIDU broke a major resistance and pulled back into its original upward trend which started since Dec. However, today it failed to break through upper band of the channel and Fibonacci retracement. Meaning most likely we will see some pull back back and consolidation tomorrow.
Also there is new uptick in volume, which translates to bulls starting to take profit today from their prior longs and indicates considerable sell off. Hence the stock is very unlikely to make new highs tomorrow. Sell off may have been completed today or continue tomorrow depending on market condition. However under right market condition it will take few days for buyers to create an upward momentum in BIDU again.
However, as long as the market keeps up with making new highs, and doesn't change trend I expect BIDU to follow suit. If we see a pull back tomorrow, I think it is a great buying opportunity at $285-295 level with suggested stop of $10-$15. However I would have firm breakeven stop or close my position before going through earning report which is coming up next week.
My Personal advise: The market is overwhelmingly overbought and the news of stimulus and economical recovery and vaccine availability is already priced into the stock market. The main driver of the market right now is simply lack of investment opportunity in other asset classes, low interest and unprecedented cash injection by the government. All which puts the market in a bullish state with very fragile foundations. What all this translate to? At this time minimize your risk and stick to your stop orders because once this market start to break down it will do rather very aggressively and Government can only prop up the market to certain extend. Hence when the music stops you do not want to be the one hold the bag!
This is my very first analysis please let me know what you think?
I hold put options in BIDU, this is not a financial advise!
Best,
Ali
Bullish on BIDU going into earningsEarnings are still 23 days however since we are in still in bullish momentum from the big up move last Thursday. I expect tomorrow to test and then break last Thursday's high.
$BIDU Baidu Inc $340 price Target
Major confluence of fibonacci expansion levels between $338-$341, which should act as a nice consolidation level
after such a strong breakout .
$BIDU 15min EV PLAY Currently in a weekly BIDU call following the flows and the technicals. Entered 310C 2/19. Its been taking the stairs up.
analysts are back$bidu had a nice morning breakout from a wedge and new 52-week high. It looks like the market is reacting to analysts' upgrades post-$gme nonsense.
BIDU - Diamond Performance Dashboardlooking for a demand zone around 222. Scouting for electric car development/partnership news.
$BIDU 1h Still climbingAccording to the stock bot the next resistance is 172.74. Insane upside if Chineses stocks can finally rally this week.
Bidu - making the turn - Diamond Performance Cube.786 support as we move around the cube. Time for a new model.
