B1C trade ideas
Baidu Repricing If It Breaks 270 ResistanceShould the market develop positively and the next numbers are good 4/27 (approx.) then we could see a repricing event. Considering that EPS could be double YoY this stock should be trading closer to 350 and command a higher P/E as well as forward P/E
Looking forward to your comments
For further price talk about crypto join us on reddit.com/r/ethinsider
A Look Back at Buy SuggestionsJust wanted to look back on some names I've suggested and see how they're performing.
The yellow line marks the day I posted a buy suggestion.
For reference, I used the closing price of the day I posted to buy (closing price on the yellow line) and then the most recent closing price (Friday, 8 June 2018) to calculate performance.
BIDU Looking for 296 handle. Setup:
It was noted that BIDU stock heading to 296 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
3. Gap analysis
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 243.89
SL: 225.51
TP: 267.41
Trade 1:
Entry: 243.89
SL: 225.51
TP: 296.84
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2%
Total Reward:
4.2 %
Good Luck :-)
Buying BIDU... Right here, Right now.Shares of BIDU came under pressure because of management changes, but the selloff seems grossly overdone.
Shares are currently sitting on a massive support zone... the 50, 100, and 200 day moving averages are bundled up between $242.39-245.42. Right below those averages is the 61.8% retracement of the previous major swing, further strengthening the support. Additionally, rising trend line support is holding. Should shares decline, there's additional support at $228-230, which is the bottom of a rising channel that's reinforced with the 78.6% retracement of the aforementioned swing.
I'm a buyer right here, right now, and I'll look to add on additional weakness.
