BIDU trade ideas
BIDU Gap FillBIDU is forming a descending triangular flag pattern. Its also running into a gap that was previously created in price below the $114 support level. This gap goes all the way down to the $110-111 range, where it will meet 50 moving average and further support. Looking for a potential 4% move.
$BIDU Bullish on the stock but need to fill GapsPrevious trade has worked well and target hit, caution is now the stance we take, the post earnings gap needs to be filled before any major advance can take place.
Gap fill targets for the short side trade $104.64 & $109.19.
Long side trade to previous resistance but less likely as MA's are now resistance and indicators turning negative.
Company profile
Baidu, Inc. is a Chinese language internet search company, which engages in the provision of internet search solutions and online marketing solutions. The company's products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor, or Baidu IME and Overseas Products. It operates through Baidu Core and iQIYI segments. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment focuses in the membership and online advertising services. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.
BIDU entry $105; hold for return to $200China stock Baidu is way down for the year and dipping this week on trade war news, but the company's earnings outlook has recently improved, with strong positive surprises on the last two quarterly reports. Based on analysts' revisions of the forecasts, I think this stock could see $200 per share again within the next two years. I should note, however, that December tends to be a bad month for Baidu, so rather than buy at the current price of $113, I suggest waiting to buy at the volume node at $105. (The average analyst price target is about $143.)
BIDU to $156Looks like the bottom is in. Indicators are Bullish, RSI + Stoch looks ready to move up.
NYSE:BIDUOn Daily, candlestick has tried to break Resistance 3times.
Heikin Ashi still in RED. Possibly it will try to close the GAP and reaching Trendline.
$BIDU Upside targets for BaiduIf you missed the post earnings rally, today may be a good opportunity to join the fun.
It seems that the stock has found support and is ready to head higher once again.
All targets are given on the chart and we remain bullish on the stock while the market remains calm.
BIDU - 1 Week Short - Classic Head & shouldersBIDU has formed classic H&S. Formed the same pattern 3 months ago. 1st target: $113.80; 2nd target: $111; 3rd target $106.70. STOP loss: $122. Good Luck!
BIDUBIDU long spots in the green zone.
Orange zone are mid level targets for green entries.
Red zone are longer term targets for green entries.
Lines are levels of interest. Good entry/exit spots.
$BIDU 20% upside potential in BaiduAfter yesterdays massive move it is well worth identifying they potential targets and stumbling blocks in the way.
On the chart I have highlighted the ultimate upside target to fill the large gap and the (blue lines) outline where we believe that the move will stall and rally from.
It is highly unlikely that the move will not be without considerable pullbacks so it is possibly wise to ladder into any position and then turn extra bullish above $134.
Company profile
Baidu, Inc. is a Chinese language internet search company, which engages in the provision of internet search solutions and online marketing solutions. The company's products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor, or Baidu IME and Overseas Products. It operates through Baidu Core and iQIYI segments. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment focuses in the membership and online advertising services. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China
High IV Rank Trade Put on $BIDU #BIDUWill be most likely holding into earnings. If the market uses mean reversion & we see it trend back to the mean **after earnings breakout** will add to this position.
GL
A good Buy on Baidu??Guys,
I think we could have good buy signal on Baidu..
Technically Waze trend and Fisher indicators are telling us that we are in oversold conditions.. we are near the 2012 botton..
Foundamentally we have a Great income and a great FCF.
IT IS NOT AN INVESTING ADVICE
BIDU 11/1 tradesWent long $103 weekly calls at $.50. Sold early at $.84. $1.37 was the HOD for these calls, but very happy with 65% gain. More BIDU plays ahead.
Baidu's temporary bullish outlookThis analysis doesn't talk about Baidu's general downward trend, but rather of a temporary upward "re-testing" if you will. Baidu's earnings release is expected by end of the month which will be announced shortly.
There are still more than 2 weeks worth of performance until a probable upward breakout. To investors trading it, this chart will reveal the most important points to consider before entering a position. At this point in time, the stock is not required to create higher highs, but you're definitely looking for higher lows. The stock is bullish as long as it remains above 100.25. The stock is expected to touch or break the 125MA by end of this month.
Baidu's general downward trend is to continue at least end of 2020, possibly through all of 2021 with lows of sub 70's.
