$BIDU | Triple Bottom: Back to $200 $BIDU formed a triple bottom at $175
I expect price to bounce here back to the upper end of the range.
Can easily see $200 in a couple weeks then $220-225
Good luck !
89888 trade ideas
High Risk tradeDouble bottom, may be the end of Wave 2. Can be bought with a strict stop loss below today's low.
Go Long after the margin CallBaidu margin Call, if you don't know this: seekingalpha.com
Since April, we still not have much development on baidu, but long term there should be a an upward movement.
Please also have a look in this article, regarding other interesting stocks, which margin call fall down: realmoney.thestreet.com
$BIDU - Best - $249, Good - $230, Bad - 193Recovered from Head and shoulder breakdown.
Best case - 249
Good case - 230
Bad Case - 193
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
waiting for the retestBaidu did a great breakout.
Maybe we can see a retest on the trendline and than shoot back up?
BIDU is a BUY nowWe did a 50% retracement (a Gann favorite) and are bouncing off a zone of support and a short term trendline. I think this has good upside.
Baidu at the Crossroads: Where do we go from here?Hi traders!
I believe that Baidu is at a critical level here. Watch the analysis to see what we can expect next.
Happy trading!
Buy $BIDUBuy above 209
Stop Loss 203 on daily closing bases
Target 214 // 222
Please follow me for more ideas and update
Do your due diligence this is not investment advice.
Baidu Inc.This chinese tech stock is in a very good place in the weekly cycle. It finished correcting, started to breakout and more recently retraced 50% giving me a chance to reenter. A 100% upmove is the least to be expected in the next year.
$BIDU - Long Trade Opportunity Above 205BIDU has a really clean setup this week! We're sitting right at the 203/205 resistance, meaning long trades are valid at any point above it. We will likely make a quick trip up to 223, then 228 if it starts running. Above that it's clear skis up to 264, though it's unlikely we reach that far. The only reason I even included that is because ROKU blew me out to the upside last week, and I don't want to get pantsed again. I know many traders are eyeing this trade and the open interest on it is huge, so there may be some fun gamma action and MM trickery with this one. Regardless, insanely clean technical setup. I'm personally going long above 205
BIDU bottoming; long term holdBIDU looks like it’s bottoming. This is a potential long term investment entry. Daily 200MA is a potential support. Scale in and never go all in on a single entry. Buy the dips to fully position yourself.
BIDU: ICHIMOKU LONG SWING TRADEBIDU :
Baidu is back above the long term trend line that was supporting the price for a long time.
The last candle has also reintegrated the cloud and the lagging span broke the kinjun and tenkan.
All the above indicate a potential bullish trend reversal .
I'm now switching from bearish to neutral/bullish.
Good enough for me to initiate a long swing trade .
All targets and resistances are on the chart.
Note that BABA has a very similar chart.
Trade safe.
6/28 BIDUBIDU weekly chart
(1) resistance: 205, 225, 253
(2) support: purple and yellow zone
(3) need a few consolidation, but bullish in mid-term; check MA and you will find it out
Good rebound Good to long.27-June 2021
Eyeing to 50% Fibo @ around $220.
Those circle in yellow is where by good price to accumulate
BIDU Coming out of Great support zone OFF to $220+50 monthly SMA acted a great support zone for buyer to step in and now took off.
Target-1 $222
Target-2 $270
BAIDU - Time for correction.Targets
- Zone between 0.618 and 0.5 fibonacci
- Support under the zone before.
Thank you!
