$BIDU Bears in full control, results won't matter to sentiment. Today's earnings from BABA were really good but after an initial pop it bleed into negative, BAIDU could very well act the same. The chart is ugly with a break from a bear flag on high volume and indicators all point south. There is a chance that the earnings could be great and the stock jumps, but we cant see it happen under a cloud of poor
sentiment.
9888 trade ideas
BIDU Long - long term target 220 & short term 190Jumped up 13% from $167 to $185 share on April 9th, then dropped 9% to today April 15th. IS THIS headed upwards trajectory again towards $190?
60 billion Market Cap, PE around 14, this sure looks like a screaming buy with the population
of China. Worlds one third population will be using BIDU not Google.
How ingrained is this company in the modern Chinese way of life? Is it comparable, at all, to the way Amazon and Google were ingrained 20 years ago here in the U.S. and are ingrained today?
$BIDU *** ON SALE DOWN 50%***The Google of China may at long last be a safe buy, dependent on Mr Trump of course. We think there is a great opportunity in this stock which is trading at a PE multiple of 15. It is a innovator and somewhat of a cannibal
just like Google, monopolizing its sector. We see it as a strong buy into earnings given its diverse revenue streams.
BIDU Bear flag (consolidating) NASDAQ:BIDU
BIDU has formed a bear flag on the daily chart and drilling down into the hourly chart, we can see a clearer picture. Watching for a break of support on volume and a possible retest for confirmation for further downside.
Only 2% of the float are short (as of today) so short squeeze unlikely. Keep risk tight, any reclaim of support (if/when) it breaks would stop me out.
$BIDU Uptrend Breakdown - Bearish Options Activity$BIDU Broke down out of its recent uptrend yesterday after negative earnings reaction last week.
$24M traded today in March 15th 195.00/200.00 strike puts (deep ITM) for very high per contract premium
Near term target - sub-$150 by mid-March
Note: Informational analysis, not investment advice.