9888 trade ideas
BIDULook like Chinese names are improving since the news that talks will continue between US and China. I'd be looking for the test of the 38.2% resistance on the fib retracement before it pulls back again, longer term the chart is looking dangerous. It seems to have broke its uptrend from last earnings with a gap down back at the beginning of August. will be watching support around 210 if that breaks will see further weakness.
BIDU going to go BAI BAILooks like a pretty bearish setup exists on BIDU over the course of the rest of the year, with a bottom expected early 2019 at the rectangle. In Elliott wave parlance, I expect that bottom to be higher than the spike low in 2015 to constitute a running flat (with the terminal point higher than the intermediate point) -- this would put the macro extremely bullish, while keeping the micro extremely bearish.
BIDU Testing Support, Potential Bounce! BIDU is testing its support at 227.04 (100% Fibonacci extension x2, 78.6% & 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up from here to its resistance at 248.58 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 2.9% where a corresponding bounce could occur.
Baidu (BIDU) earnings preview: aggressively expanding into non-sBaidu has been evolving from a mobile-first to an artificial-intelligence-first company. The company has been facing competition from other Internet companies, particularly Alibaba and Tencent. In the near term, margins will remain under pressure due to aggressive content spending and talent acquisition costs for AI personnel.
Sitting on a cash pile of over CNY 100 billion, Baidu has ample dry powder to invest in technology, particularly in artificial intelligence, as well as merger and acquisition opportunities.
www.finstead.com
Swing trade on BIDURecently BIDU(Chinese tech gaint on search engine and AI) annouced their new AI research chip "Kunlun", meanwhile their driverless bus Apollo are released mass production. (www.youtube.com)
I was a little suprised that BIDU's price are not reflected those news immediately, (could because of Independce holiday?), but yesterday the price of BIDU finally got boosted and paid off my investment on $243.5. While, I see the resistence would be at $270-$273.
$FDS - Updated I was hella intrigued by the chart originally because I knew just right off top of my head it seemed real familiar. Eventually, I saw the same pattern across some tickers, but $BIDU was (one of) the only ones that lined up THIS similar. I originally posted the idea to get short right before earnings, expecting a dip to @ or around $199, before falling farther. Except now, I see something completely different. Yellow (20) EMA + Green (45) EMA both above 180 WMA, whereas 55 (low) MA usually lets price determine what trend is after a dip (whether or not price consolidates above, or below 55 low MA). Lately I've been seeing plenty of tickers going through rough patches but, this week more-or-less, consolidated around that 55 (low) MA and after this week, are just now continuing the bull trend. With $BIDU, 223% matched right around 78.6% sell-signal from its high. With $FDS, 200% is looking like that same 78.6% long target / short entry. Essentially, once that 55 (low) MA begins to cross-over 180WMA, should see another dip right where it crosses over, with another continuation; which, is exactly where $BIDU is currently @.