LONGBaidu reached to major POC and Monthly EMA 200
Expect for big move up next week with earning reports.
BIDU trade ideas
Midweek Watch 7/21 - $BIDU LONGBelow the quarterly pivot and previous low. I’ll watch to see if it wants to continue. I get the feeling it wants to push back to these previous highs near the 181 area.
BIDU (daily) inverted chartI inverted the chart to make it easier to see the bearish perspective of the chart, ascending triangle are really easy to see. On the right side, we are currently in the last leg (E) of the falling triangle. A break of 170 would possibly bring us back to a previous top that could act as a support. But, is it doable ? Not so sure, it looks already cheap enough to attract buyers.
BIDU has currently a PE ratio around 8.50, yes only 8.50 in that market !!! We can see it as undervalue and a good buy. If China stocks comeback in the second half of 2021, that count would be invalidate. Next earnings will dictate the direction of BIDU. It will bring us back to a 200 retest or down to the target on the chart.
Everyone should be aware of both perspective, but longterm and fundamentals always win. BIDU is a great company, their revenue is increasing every year and has a lot of potential, it is also at a good price so scaling in could be a good strategy :)
BIDU support is breaking, could fall off the cliff soon.BIDU may break a very important support zone soon, with the negative news always revolving around Chinese stocks i wouldn't be surprised if it happened. id wait for confirmation of 170 support to break before going short, watching closely! target 150 if its plays out as expected. good luck! dont forget to like and follow for more ideas
There's still bearish momentum for BAIDU before go back to bullBIDU could go down lower than 177.11 to complete this zigzag correction.
There's a bearish divergence spotted in CCI but it might only show that
this downtrend is getting weak.
Once the price is lower than 117.11. I Will look for bearish divergence again
and find an opportunity to open a long position
$BIDU HTF ACB Long#1 Main Watch
$BIDU HTF ACB Long (Swing)
Monthly - Decel/50 ema
Weekly - Triple bottom/Support/50 ema
Daily - MACD Divergence/Support/Descending Triangle Pattern
RR - 7
Additionally on Watch:
Secondary - $NERD
Secondary - $POTX
22 stocks on development needed list
Live Trades:
$COIN
$NIU
$TLRY
$BIDU - Busted triangle target $220 to $230The triangle was busted. It looks like its playing out single bust.
$230 is the neck line of H&S that played out before. So it can climb above $230 it can reach $280.
Good case - $220
Better case - $230
Monster bullish case - $280
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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.
BIDULooks great for next week.
A false breakout to a shallow depth occurred at the support level of 177.00 and the Instrument quickly returned beyond the level.
On Monday, you can look for entry points on a 5 minute chart.
stop 0.5%
Take 1 6%, i.e. 1 in 12
Take 2 12%, i.e. 1 in 24
$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 !
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
———————————————————
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
