89888 trade ideas
Channel update kiss 258 weekly resistance yesterday and fell back to weekly support 249. Normally I would think this stock would retrace back to channel bottom but with ark buying so much of it it's a toss up
BIDU NeutralWeekly resistance at 270
RSI divergence
EMA20 Bollinger Band Upper band
There might be a consolidation
between 210 and 110.
Sell Iron Condor -- limit 6.3 (Credit)
SellToOpen Mar Call Spread C260/270
SellToOpen Mar Put Spread C200/210
Get Theta 2.04 per day
$10 range,
max profit 6.3,
max risk 3.7,
Reward:risk= 1.7:1
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Gap to fill on BIDUBIDU has seen parabolic gains these past couple months and is looking for a retrace. There is a gap at 214 dollars which coincides with the .236 fib level. Volume has peaked and is in a downtrend which is also bearish. Expecting the gap to be filled at around 214 dollars within a couple weeks.
#Bidu $Bidu Now a double inside daily candleBidu showing real consolidation here, expecting a big move on the breakout of this double inside daily candle. Now that its a double inside, the target is twice the length of the last candle($26) from the breakout. Hoping this breaks to the upside, but would probably play the breakout in either direction. Just a hunch a break to the downside has higher failure potential. Not financial advice.
#Bidu $Bidu Inside Daily breakout?Bidu has been very strong lately, and a breakout to the upside of this inside daily candle gives a nice target. I will buy at the break of the inside daily and get out if it comes back into the range of yesterdays candle. Not financial advice, take your money, and drop then kick it.
Looks bullishBidu really needed that pullback Monday as t was over bought on both MFI and RSI. Future targets are green lines which were some heavy resistance for this company back in 2018-2019. This is a daily channel
BIDU - Diamond Performance Cube - ResistanceFound the GP of the 2nd Level Bull Channel - This ticker is a mover and top watch for 2021 if their entre into the electric car sweepstakes is for real.
BIDU - 3-4 continuation breakoutLoading zone is anywhere in the golden zone. BIDU is in a nice channel at bottom of range and can see a lot of upside from here. It is holding the 50 SMA on the 4H, and 9 EMA on the Daily. A backtest of the prior bull flag break out can send it to the next levels above. A candle close below the golden zone invalidates this play.
Bidu EV player🏎Channel play on BIDU news of EV production.. 219 (Green line ) is strong resistance, after that things get really interesting. 228 and 235 are weekly resistance to keep in mind.
BIDU Ready for a move!BIDU had a healthy pullback after the breakout last few weeks. It's forming this symmetrical triangle, and I'm leaning bullish due to the overall trend and technicals.
Road to 409.63$ From 0.618 to 1.618 / De 0.618 à 1.618 (409.63)BIDU went from 111.45 (0.618) and bounced up to here.
BIDU will hit 1.618 of the downtrend wich is 409.63
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BIDU potential top and hedge ideaExcellent move in BIDU over the last several weeks and I think we have recently hit the near term highs. Any further move up will require consolidation and therein lies our opportunity.
Idea 1: Sell Feb 200/220C spreads to fund the 215/205P spreads.
Idea 2: Lopsided Put Butterfly spreads or backratios (given that IV is just below HV at the moment).
Additionally given some volatility due to some Chinese stocks getting delisted from NYSE, there is a potential fear trade here as well to the downside. IMO, that's a stretch but it feeds the bias if anything and does not work against it.
BIDU: Bullish Pennant, ConfirmedBullish Pennant, confirmed
Pros:
Descending volume during formation
Volume increase at break out
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 9
250RSI above 50
200MA ascending
Target:
PT = 265.19$
Bidu Short ... Delisting fearsThis is a trade idea based on Two things, First is news of NYSE delisting Chinese stocks on New year's eve. 2nd Dark cloud cover shown on DEC 31th candlestick.
1st target 198 (green line)
2nd target is 191 (green line/Channel top)
$BIDU consolidated and moving up higher. $BIDU consolidated and now is making a run. BUY signal flashed on STOCKIndicator Pro, modified golden cross, and double harami (12/29, 12/31). ENTRY: $217 SL: 201 (.382 FIBO). TP1: $219 (FIBO) TP2: $237 (FIBO: 1.618) TP3: blue sky.
