$BIDU is now 212.13. Price Target Hit. Great HPS Trade.$BIDU is now 212.13. Price Target Hit. Great HPS (High Probability Setup) Trade.
BIDU trade ideas
Baidu Bounce to $240Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
BIDUSomebody wanted 233.00 to get tagged pretty badly. That triggered shorts along the way. Now they get squeezed.
$BIDU 8-9% Downside OpportunityHard to detect which side has the strongest pulling and once identified it needs a bold decision to go along with them. Unless u understand the risk associated with fake patterns or false breakouts either upside or downside don't come close to momo stocks like $BIDU. This bearish pattern seems reliable but play with tight stops. If you want a real time alerts try us www.2waytrading.com
Bearish Descending Hawk (Follow Up Previous Post)17 days ago, we called that 251 is T-peak and the chance to see 231 is very high, if u had the opportunity to take the position, more downside opportunity is looming from today's price action. If u want a real time alerts try www.2waytrading.com
Bearish Descending Hawk Threatens Recent BreakoutThe Bearish Descending hawk consists of two white candlesticks, in which the first day’s white body engulfs the following white body from Nov 11-12, and today confirmed the bearish pattern. The first one has to be a normal or long white candlestick as it was November 11, 2014. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the body of the second day should be smaller than the first as it was November 12, 2014, today finally came the confirmation but will we see follow through time will tell. If you need a real time alerts on this security try us www.2waytrading.com
Earning Breakout Losing momentumThere is a good chance that price will re-test next support zone before any significant upside continuation. Expect next two weeks price to find support 225 area before 210. If you need real time alerts try us www.2waytrading.com
BIDU Topping DistributionSignificant distribution forming since August. May take some time but I expect a move down to lower monthly support gained. I included MACD to help visualize the distribution process.
BIDUBIDU looks bullish here as it has been a range for awhile & could b/o to the upside soon w/ a tgt.#1=240........w/ BABA having IPO tmor. then this could be a nice side China play also
BIDU as a proxy for other momentum stocks.The failure of BIDU after the huge earnings gap, is an ominous sign for other momentum stocks that had bull gaps.
