BIDU trade ideas
Decisive moment for BIDU (!)(?) People are looking for a bottom in BIDU. Monthly/weekly chart provides the basis for an idea. What the macro-picture says, is another business. China vs. US, Trump vs. Kamala, tech-giants and so forth...fear of accidents i believe to be overdramatic, and mainly caused by its newness and uncertainty for ones everyday life. Not to say it doesnt matter. Replacing jobs however...anybody with some realistic numbers and timeframe, with corresponding consequences?
My scenario, bottoming out somewhere from todays level down to 70s. If not, it could be a roller coaster down to sub 50s. Would love to see some stable price-action in 80s on rising (rel. higher) volume.
Looking more short term, im betting on the RSI/price divergence we are seeing in June/July.
Bidu bounce incomingBidu has been in a falling wedge and is currently at a support level that has held multiple times in the past. I believe next week after tech earnings are out the market will relax and this stock will bounce well. I bought call contracts!
BIDU is undervalued!NASDAQ:BIDU is a strong buy right now, as it's oversold according to all indicators.
Is Baidu the next robotaxi move?Move over, Silicon Valley! China's Baidu is quietly making waves in the robotaxi scene, and they might be the dark horse you haven't heard about yet.
Check This Out:
Robotaxis on the Streets: Baidu's Apollo Go robotaxis are already picking up passengers in Wuhan, China, with over 6,000 driverless rides per day! 🤯
Making Money Moves: Baidu expects to start turning a profit with their robotaxi service by the end of the year. That's impressive for a relatively new technology.
Dropping Costs: They're getting more efficient with their operations, so costs are expected to drop even further, making their robotaxis even more competitive.
Wall Street's Whispering: Baidu's stock has been climbing lately, a sign that investors are starting to see the potential of this Chinese tech giant.
The Bottom Line:
Baidu might not be as flashy as Waymo or Tesla, but they're quietly making major strides in the robotaxi world. Their stock is looking pretty tempting right now, especially with all this potential for growth. If you're looking for a robotaxi stock to watch, Baidu might just be your hidden gem.
levels to manage $BIDU long-term positions In the last 3 months, 16 ranked analysts set 12-month price targets for BIDU. The average price target among the analysts is $145.21. Analysts compare their price target to the current market price of the stock to determine how much potential upside or downside movement there could be in the stock price.
Who will be the King of Road in the next 5-10 years ?If you have not had a chance of taking a driverless taxi or robotaxi as it is commonly known, then you may be in for a culture shock when you take one. It's like an invisible driver seating in front of you, keeping his mouth shut and focus exclusively on bringing you from one point to another.
Just like Uber, Grab, Lyft initially, they burnt cash to grab market shares. A 45 mins drive in Wuhan, China costs only less than 12 RMB , slashing the prices of the human taxis by a lot. Already, these drivers are protesting for their rice bowl and I believe if this trend continues, more cities will adopt this technology and these drivers will become jobless.
I will likely nibble some Baidu shares when it retraces today !
Baidu Ready to Take Off
Baidu, like many other China-based companies, has been in a long downturn. However, China is showing signs of economic recovery and this could be a bullish sign for China's largest companies.
Another sign is that the stock is bouncing off a support that has been tested many times. If this support holds, Baidu could be a good investment for the next 2-3 years.
Why I am not buying Baidu ?as you can see , it is still within the bearish channel, no indication of trend reversal pattern. So what's the hurry? It might goes lower. To me, TA is reactive, our roles should be when this pattern emerges, what am I going to do? Let your research work - fundamentals secure you on the selection process. Everyone uses different metrics.....
Could it revisits its Oct 22 low of 73 price level ? I doubt so but it is possible so let the chart plays out and then decide the next course of action. Our role is not to predict how the patterns will play out using our preferred imagination , confirmation biases , etc and disillusioned our mind. Like I said, buying the stock takes less than 30 seconds but once it is purchased, you have to watch it grow either upwards, sideway or downwards. Over time, this will affect your mood as you either see profits, stagnant or losses.
The blame game starts why didn't I ? So rather than regrets , it is wiser to be discipline to do all the preparation work. And no need to worry too much about missing the boat, the market always offer opportunities for you to get in, maybe not at rock bottom but is better to ride the right trend than to buy at cheapest and hold on for months/years before it rallys. Opportunity costs !
Baidu - how much lower?Baidu looks like it’s breaking a local downtrend, confirmation would be a break out of this descending wedge. Whilst US stocks are dropping today, Chinese stocks are showing signs of putting in a local bottom.
I went long at $90 and moved my stop loss at break even. I expect Baidu to start outperforming the US AI names over the coming months.
Baidu bragging about new IA modelHello Traders,
Today I want to pitch you a very interesting idea!
Baidu (Ticker AT:BIDU.US) the famous "Chinese Google" is going to die with the AI market and has launched its Ernier 4.0 model being cheaper than OpenAI's GPT4 model. $4.13/million vs $5/million.
Why might we be interested?
Although it is one of the Chinese companies with the highest risk premium in the market, it is trading at very interesting prices and I think it's worth a look
It is currently trading at $88.03 with a low of $73.62. Since the tech war China has set out to replicate everything the west has for their country and it is possible that now is the time to see a recovery.
Its RSI is around the average and its bell shape marks a directionality of the control point (POC) around $105 so we could see a revaluation in the short term.
What do you think, do you think that it can eat the toast of the West?
Write below in the comments!
Ion Jauregui - Analyst ActivTrades
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$BIDU - Would you bet on a bounce?NASDAQ:BIDU hasn't broken below the current support area since 2013.
Would you bet on a bounce?
BAIDU Long PositionHi traders,
Taking a closer look at Baidu, Inc. (BIDU), we can observe the formation of a falling wedge pattern over the past few weeks, indicating a potential bullish reversal.
Baidu, often referred to as the Google of China, is a leading internet services and artificial intelligence company. Despite recent market challenges, Baidu's robust technology and strategic initiatives in AI and autonomous driving continue to strengthen its position in the industry.
The falling wedge pattern is characterized by converging trendlines, where both the highs and the lows are declining, but the highs are falling faster than the lows, forming a wedge shape that slopes downwards. This pattern often signals a potential reversal from a downtrend to an uptrend.
As BIDU approaches the apex of the falling wedge, a breakout above the upper trendline could confirm the bullish reversal. Entering a long position upon confirmation of the breakout appears favourable.
1st Take Profit: 119.58
2nd Take Profit: 136.57
Final Target: 159.69
Trade Idea: Long on Baidu (BIDU) Overview:
Baidu (BIDU), a leading Chinese tech giant, is currently sitting at multi-year lows. Despite the broader Chinese economy facing challenges, Baidu presents a compelling opportunity due to its strong correlation with the overall Chinese market. The attached chart highlights this correlation, showing BIDU's performance in tandem with the Chinese economy's trends.
Valuation Comparison:
In a market where NVIDIA’s valuation surpasses the combined worth of Germany's and General Motors', opportunities in the Chinese market appear more reasonable. Baidu, with its substantial undervaluation, offers a potential upside that is hard to ignore.
Technological Edge:
A recent study by International Data Corporation (IDC) underscores Baidu's prowess in generative artificial intelligence (GenAI). Baidu’s Wenxin Yiyan and Wenxin Yige, comparable to ChatGPT and Midjourney, respectively, outperformed in categories like question-and-answer comprehension, reasoning, creative expression, mathematics, and coding. This technological advantage positions Baidu as a leader in AI, a crucial growth sector.
Conclusion:
With Baidu trading at significant lows and its robust performance in GenAI, the company is poised for potential growth. The Chinese market, despite its current economic hurdles, offers more attractive valuations compared to the overheated US tech market. This creates a strategic entry point for long positions in BIDU.
This overview provides a snapshot of Baidu’s potential as a strategic investment. If you’re interested in a deeper analysis, drop a comment below, and I’ll prepare a more detailed breakdown.
Trading is like a game of Monopoly—there's strategy, luck, and sometimes you end up in jail! 🎲 Always consult with a financial advisor and do your own research before making any big moves.
9888 (BIDU) - Breakout and Bullish Retest9888 (BIDU) broke out and successfully retested on confluence of 0.786 fib and trendline support.
This was after the rejection off the 200 day moving average, which is a healthy pullback for a solid entry.
Hang Seng Index (HSI) also bounced off VWAP support today after catching a short break from a massive (and expected) run up.
Technicals aside, the fact that BIDU is trading near book value calls for an opportunity for any well-diversified investor. A good entry is simply icing on the cake.
Easy buy, both as a trade or an investment position.
BIDU - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Baidu Announces First Quarter 2024 ResultsBaidu ( NASDAQ:BIDU ), a leading AI company with a strong Internet foundation, announced its unaudited financial results for the first quarter ended March 31, 2024. The company's online marketing revenue remained stable, while the end-to-end optimization of its AI technology stack continued to propel the growth of AI Cloud revenue during the quarter. Robin Li, Co-founder and CEO of Baidu, said that as a new era of Gen-AI unfolds in China, foundation models like ERNIE will serve as the underlying infrastructure, infusing various facets of people's lives.
In the first quarter of 2024, Baidu Core's non-GAAP operating margin expanded both year-over-year and quarter-over-quarter to 23.5%. The company has established a track record of consistently improving operational efficiency. In the coming quarters, they will execute on what is needed to optimize their operational efficiency in support of their AI enabled businesses and high-quality growth, and maintain a healthy non-GAAP operating margin.
Total revenues were RMB31.5 billion ($4.37 billion), increasing 1% year over year. Revenue from Baidu Core was RMB23.8 billion ($3.30 billion), increasing 4% year over year; online marketing revenue was RMB17.0 billion ($2.36 billion), up 3% year over year, and non-online marketing revenue was RMB6.8 billion ($935 million), up 6% year over year, mainly driven by AI Cloud business.
Revenue from iQIYI was RMB7.9 billion ($1.10 billion), decreasing 5% year over year. Cost of revenues was RMB15.3 billion ($2.12 billion), increasing 1% year over year, primarily due to an increase in traffic acquisition costs and costs related to AI Cloud business, partially offset by the decrease in content costs. Selling, general and administrative expenses were RMB5.4 billion ($745 million), accounting for 17% of total revenues in the quarter, compared to 18% in the same period last year.
Research and development expenses were RMB5.4 billion ($742 million), decreasing 1% year over year, primarily due to a decrease in personnel related expenses and other R&D expenditures, partially offset by the increase in server depreciation expenses and server custody fees which support Gen-AI research and development inputs. Operating income was RMB5.5 billion ($760 million), and Baidu Core operating income was RMB4.5 billion ($629 million), and Baidu Core operating margin was 19%. Total other income, net was RMB1.2 billion ($173 million), decreasing 52% year over year, primarily due to a decrease in fair value gain from long-term investments, partially offset by the increase in net foreign exchange gain.
As of March 31, 2024, cash, cash equivalents, restricted cash and short-term investments were RMB191.8 billion ($26.56 billion), and cash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB185.8 billion ($25.73 billion). Free cash flow was RMB4.2 billion ($579 million), and free cash flow excluding iQIYI was RMB3.3 billion ($452 million).
Baidu ( NASDAQ:BIDU ), China's largest search engine provider, still generates the majority of its revenue from online ad sales, which are under pressure due to slower Chinese economic growth. The company reported adjusted net income of 7 billion yuan for the quarter, beating the analysts' average estimate of 5.57 billion yuan, according to LSEG data.
Technical Outlook
Baidu ( NASDAQ:BIDU ) stock is down 0.78% as of the time of writing. NASDAQ:BIDU has a Relative Strength Index (RSI) of 56 which is down from the previous 60.
BIDU Baidu Options Ahead of Earnings If you haven`t bought the dip on BIDU:
Then Analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 120usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Ichimoku Watch: Baidu Poised to Push NorthUpcoming Earnings Release:
Baidu, Inc. ADS (ticker: BIDU) is scheduled to report earnings on 16 May before the market opens. The consensus EPS estimate for the fiscal quarter ending March 2024 is $1.90. The reported EPS for the same quarter a year prior was $1.81.
Bulls Starting to Show Ahead of Earnings
There is some interesting price action on the daily chart of Baidu ahead of the company’s earnings release this week.
It would appear buyers are beginning to show. Price action recently moved above the Ichimoku Cloud (the difference between Leading Span A and Leading Span B), reaching a high of $115.39 last week before moderately forming a correction. It can also be seen that price dropped back below the conversion line, but remains above the base line and is almost level with the Lagging Span.
The Leading Span A also recently crossed above the Leading Span B to form potential Cloud support around $106. And by and of itself, this crossover is a bullish trend signal. Overall, though, price action has not confirmed a trend change yet (we have not seen price action form a higher low and a subsequent higher high), though the Ichimoku Indicator has, as mentioned above, given us an early cue that the tide may be changing.
Adding to this, we can see that price recently broke above the upper level of a falling wedge pattern ($126.23 and $103.37). While there is generally no textbook definition for setting profit targets regarding this pattern, some traders opt to target the base value extended from the breakout location, which comes in at around $127.16.
Price Direction?
With everything taken into consideration, the area formed between the breached upper boundary of the falling wedge and the Ichimoku Cloud may offer support for buyers in the coming days to potentially form a higher low and push on to a higher high and confirm the uptrend.
BIDU 05/17/2024 $110 PUT BIDU May 17, 2024 $110 PUT
The image of this pattern symbol tell us that it is about to down so buy the PUT. Expired before May 17th.
What do you think? Please command this.
Tesla Collaborate With Baidu to Allow Self-Driving Mode in ChinaTesla ( NASDAQ:TSLA ) has reportedly struck a deal with Baidu ( NASDAQ:BIDU ), China's leading search engine, to enable its Full Self-Driving (FSD) system in the country. The agreement, which grants Tesla access to Baidu's mapping license for data collection on Chinese roads, marks a pivotal moment in Tesla's expansion efforts in the world's largest automotive market.
The deal, recently finalized, signals a strategic move for Tesla CEO Elon Musk, who has been actively seeking regulatory approvals for the FSD software rollout in China during his recent visit to the country. With Baidu's lane-level navigation system also included in the agreement, Tesla ( NASDAQ:TSLA ) is poised to leverage Baidu's extensive mapping expertise to enhance its autonomous driving capabilities.
In China, where stringent regulations govern intelligent driving systems, the acquisition of a mapping qualification is a prerequisite for operating on public roads. By partnering with Baidu ( NASDAQ:BIDU ), Tesla gains access to crucial mapping data necessary for its FSD software to function effectively and legally in the Chinese market. Moreover, Tesla's fleets will now be able to gather valuable data about their surroundings, contributing to the refinement of autonomous driving technology.
While the specifics of data ownership remain unclear, the collaboration underscores the growing synergy between Tesla ( NASDAQ:TSLA ) and Baidu ( NASDAQ:BIDU ) in advancing self-driving technology. Notably, this partnership builds upon their existing relationship established in early 2020 when Tesla began incorporating Baidu's navigation map into its vehicles in China.
Although the announcement of the collaboration came during a broader news conference by Baidu ( NASDAQ:BIDU ) and did not explicitly mention the FSD feature, the implications for Tesla's expansion in China are substantial.
Technical Outlook
Baidu Inc. ( NASDAQ:BIDU ) stock is up 0.62% on Monday's pre-market trading session with the stock closing with a Relative Strength Index (RSI) of 49.31 making it prime for a bullish start for the first day of the week.
However, NASDAQ:BIDU has been trading below the 200-day Moving Average (MA) for over 7 months.
$BIDU - sitting a major multi-YEAR support: Is it time to buy?
BIDU is sitting at multi-YEAR support. Interestingly, $14 million dollars worth of April 19th, 2024 ITM put selling across strikes from $103 to $110 was detected on BlackBoxStocks today suggesting parties. In addition, roughly $80,0000 worth of 4/19/2024 $96 calls was detected. A bounce into declining moving averages is a play. In addition, on the daily chart,
BIDU is sitting at support of a descending triangle (green descending trendline).
