BIDU trade ideas
BIDU Quick move out of base comingBIDU I think it will pull out of it's base, and should start moving higher fast.
BIDU Bearish Wedge Formation Watching the uptrend support level for a solid break on volume. Stops in place as always.
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.
$BIDU Bullish Pennant - Earnings This Week$BIDU Strong growth stock looking under-valued vs peers with P/E around 13x.
Expecting this stock to run with earnings this week and a possible US/China trade resolution looking possible near term.
Medium term target - $200-$210 range
Note: Informational analysis, not investment advice.
BIDU long Bidu recently broke downtrend and is now consolidating making a higher low. If it can stay in this range we are due for a bullish ema crossover which can accelerate us to 180+
$BIDU retesting neckline heading for 50% dropBaidu has been sitting out most of the rally since christmas and is currently retesting the lower of the two necklines. BIDU features a nice multiyear head and shoulders that has triggered and a double top that was triggered, and whose neckline is currently being retested. Both formation target the 80-90 area. Prime short candidate of so inclined
$BIDU's 4th "W" pattern might fail again!1. Since May 2018 till now, BIDU has experienced 4 "W" pattern, but the former 3 all FAILED!
2. yesterday, its 4th W pattern's right wing almost touched the resistance line again!
3. more importantly, yesterday's candlestick is a Doji Star, which reprecents a incoming reverse!
4. Also, it stands on another resistance line since 29 Oct., strong pressure is ahead.
So, SHORT!
Now that, the target?
1. According to the former 3 W pattern, the bottom of the former W pattern always stands between the 0.5-0.618 area in Fib retracement whose top is the right-wing of W and the bottom is the retracement target.
2. So, this time, the target would be set between 143.52 - 138.05.
3. the lost-win Ratio is between 3.39-4.11
BIDU trend change $BIDU
Above Daily 50 MA
Uptrend channel
Bullish RSI divergence
RSI Inverse head and shoulders
