BIDU trade ideas
Buying BIDU... Right here, Right now.Shares of BIDU came under pressure because of management changes, but the selloff seems grossly overdone.
Shares are currently sitting on a massive support zone... the 50, 100, and 200 day moving averages are bundled up between $242.39-245.42. Right below those averages is the 61.8% retracement of the previous major swing, further strengthening the support. Additionally, rising trend line support is holding. Should shares decline, there's additional support at $228-230, which is the bottom of a rising channel that's reinforced with the 78.6% retracement of the aforementioned swing.
I'm a buyer right here, right now, and I'll look to add on additional weakness.
BIDU short E=245.90, T1=224, T2=210BIDU broke wkly support level at 246. It should retest the level then drop to next support level. Short E=245.90, T1=224, T2=210. Long E=207. 74.
$BIDU Overbought at ATH$BIDU nearing upper limits of long term bullish channel. Finding resistance around $275 prev ATH level. Not expecting much more upside in medium term.
Unclear DirectionVery likely to hit 300 - also very likely to hit 240 to close the gap after the summer
Money flow is relatively high at the moment
MACD crossover bullish too
All indicators for 300 but seems risky, taking partial profits is recommended after a 30% increase from bottom
#Baidu Gap Fill$BIDU looking bullish in the after hours earnings price action. What we have here is an aggressive gap up + gap fill around the $250 price level. There is a good chance that this will continue to run tomorrow. #bullish #AI
$bidu bull flagnice little bull flag forming on bidu, first target near 235 $bidu $nvda $mu $intl $btc
BIDU shortShort below horizontal support break around 229. Already below 200D. Bearish target is around 205 (Feb low).
Baidu Repricing If It Breaks 270 ResistanceShould the market develop positively and the next numbers are good 4/27 (approx.) then we could see a repricing event. Considering that EPS could be double YoY this stock should be trading closer to 350 and command a higher P/E as well as forward P/E
Looking forward to your comments
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BIDU Goldencross 50/128 DMAGapped up after ER. 50/128 D Moving Averages about to cross upward. Watch for the price as it dips into the goldencross. If confirmed, entry target near $242-244. Upside targets $258-264 (adjust stops accordingly) Stop loss @ 237 (previous support). 5-10 day horizon
Bidu--Bearish BiasIt took a nice hair cut last quarter and economic events in china not so rosie this quarter.
BIDU- Bearish BiasI believe based on charts more likely to gap lower. They had a horrible earnings reaction last quarter while most of the companies reporting did exceptionally well.
BIDU - Stochastic Divergence on Channel LineBIDU is set up again. Traded it last month for a profit and now it is set up again.
Buy: 237.17
Target: 244.40 - 256.07 (3.05% - 7.97%)
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