BIDU trade ideas
Baidu Inc Another Chinese tech stock. If it can clear and hold $191.40 then we may see push out of this tight consolidation.
Negative below 184.00
BIDUReally like how this is setting up. Should be a strong move either way it goes. Leaning bullish as long as $180 holds.
6/15 BIDUit's a weekly chart for BIDU
and I think the purple zone shall be good to entry
current MAs are flat which is not a bad thing
Will BIDU reverse Up?Am i seeing this correctly?
Some sort of reverse wedge on BIDU. Togtehr with strong RIS divergence is telling me to BUY bidu and take it LONG to the 61% FIB level.
$BIDU Descending wedge breakout ST/LT MA convergence$BIDU Unusual options activity. Descending wedge breakout approaching short-term and long-term convergence. Will be watching for a move to $220. Lot's of potential.
$BIDU Good Bottom Buy? 6/1-2Video Breakdown on $BIDU
Looking good potentially to the upside past 208-10
BIDU Looking WavyStrong bounce off a range it has interacted with frequently over the last decade, immediate reversal
BIDUmac d is green
rsi is approaching the top
previous was broken
looking for retracement up to 61% of previous high...
move happens by january?
what do you think?
Buy opportunity at $150. PT $480Buying zone between $219 (0.5 retracement) and $122.88 (0.854 retracement of the first impulse).
Looking at the RSI trajectory and the MACD bearish signal in the weekly we are likely to cross the 200 EMA to $147.35 (0.764 retracement), a zone that has been acting as support and resistance for the past few months.
Baidu closed the second retracement of the supercycle in March 2020. Currently consolidating the second wave of the third impulse, which will be the largest, with a target of between $483.5 (1.618 extension) and $562.88 (2 extension) if the bottom of the second wave is confirmed at $147.35.
In the event that the bottom of the second wave is at the 0.5 retracement (where we are now), targets would be between $458.37 (1.68) and $522.22 (2).
Overview :
First buy order (25% of the position) at $190.
Second buy order (75% of the position) at $150
Sell orders (depending on the last bottom): between $455 and $562 in the beginning of 2023.
+50% annualized profit .
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Comment with your opinions. Any idea is appreciated.
Manage risk properly and don't invest more than you can afford.
BIDU - $140s or $270s? I re-entered with a BIDU position few days ago, but I feel there's a possibility the weakness could continue.
I believe the stock should be able to hold it's $170s low next week, but based on time cycles it's weak zone continues next week until first week June. If that $170 support zone breaks due to any China related news or general market sell off, BIDU may be a crazy price to average in at $145 range (the yellow 500 MA)
Either ways, I feel BIDU is a good buy here if you're okay to hold your swing for a few months. My price target is for BIDU to retest at least $270 before end of 2021 (I expect this to happen more likely before September)
Good luck!
PT $483-$560 in Dec. 2022Starting the 3rd Wave of the second super cycle + macro cup&handle pattern indicates a PT between 483 and 560 in Dec. 2022.
Bullish perspective on this stock in the mid term and long term. The total addressable market value of Baidu's non-advertising business is 10x the size of online advertising.
Buy the dipThere's a lot that can be said about Baidu and its prospects going forward as well as its current valuation. Needless to say, the data that has come out as well as the analyst's ratings reports show that the prospective growth in earnings is comfortably towards the upside, supported by solid fundamentals. The signals on the weekly chart also look very promising.
Its a nice stock to own along side the likes of Alibaba which operate in the same space.
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$BIDU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BIDU after a Positive over reaction following its earnings release placing the stock in drift B
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Falling wedge pattern formed with strong fundamentals for BIDUWith an earnings and revenue beat, Baidu is poised for a bearish upward trend once headwinds from delisting and clampdown from the Chinese government are decoupled from the company. Technical analysis shows Baidu trading are key Fibonacci levels and forming a falling wedge pattern.
Price Target:
Near term: 212.08, with a 60% confidence
Mid-term: 260.87, with a 50% confidence
Risks:
Bear flag wrongly recognized as a bearish falling wedge (somewhat likely)
Government clampdown (unknown)
Delisting (least likely)
Baidu (BIDU) Good Entry Point on W1.Baidu (BIDU),W1: Support line + Hammer + Hidden Divergence + Great sell off.
$BIDU Pre-Earnings Update! I have been playing $BIDU successfully for 3 weeks straight. Looking forward to seeing the stocks reaction to earnings!
