Baidu
BIDU Farewell?Baidu - Intraday - We look to Sell at 150.96 (stop at 159.81)
The medium term bias remains bearish. We have a Gap open at 150.96 from 08/07/2022 to 11/07/2022. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies.
Our profit targets will be 119.90 and 102.50
Resistance: 150.96 / 156.69 / 170.35
Support: 140.58 / 130.51 / 119.82
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Time to Buy(du)?Baidu
Short Term
We look to Buy a break of 157.74 (stop at 147.55)
Further upside is expected and we look to set longs in early trade. A break of yesterdays high would confirm bullish momentum. Bespoke resistance is located at 155.00. The trend of higher lows is located at 147.00.
Our profit targets will be 181.51 and 199.50
Resistance: 155.00 / 182.00 / 207.00
Support: 140.00 / 115.00 / 102.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Trading Idea - #BaiduSHORT
ENTRY: 190.50 USD
TARGET: 133.00 USD (+30% profit)
STOP: 222.00 USD
1.) Baidu started a correction after an impressive bull run! None of the Fibonacci Retracement levels could hold as a support! Reversal coming!
2.) According to the fundamental analysis, Baidu is a clear buy recommendation.
3.) Baidu generates significant margins and is therefore very profitable. The financial situation looks excellent, which means a considerable investment capacity.
4.) Baidu is definitely a BUY at 133.00 USD!
BIDU Price TargetPrice target for BIDU is $147.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
BIDU: Sell at Resistance? Baidu - Short Term - We look to Sell at 179.26 (stop at 190.59)
We look to sell rallies. Trading within a Bearish Channel formation. Bespoke resistance is located at 180.00. We look for a temporary move higher. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 180.00, resulting in improved risk/reward.
Our profit targets will be 146.53 and 138.50
Resistance: 180.00 / 200.00 / 220.00
Support: 150.00 / 140.00 / 135.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Revenue Reaches CNY 31.9 Bn as Baidu Announces Q3 2021"Baidu Core delivered another solid quarter, powered by our AI cloud revenue growing 73% year over year," said Rong Luo, CFO of Baidu. "With a diversified AI portfolio, including cloud services, smart transportation, smart devices, self-driving, smart EV and robotaxi, we are well-positioned for long-term growth."
Total revenues were CNY 31.9 billion, increasing 13% year-on-year.
Revenue from Baidu Core was CNY 24.7 billion, increasing 15% year-on-year; online marketing revenue was CNY 19.5 billion up 6% year-on-year and non-online marketing revenue was CNY 5.2 billion, up 76% year-on-year, driven by cloud and other AI-powered businesses.
Revenue from iQIYI was CNY 7.6 billion, increasing 6% year-on-year.
Cost of revenues was CNY 16.1 billion, increasing 26% year-on-year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.
Research and development expense was CNY 6.2 billion increasing 35% year-on-year, primarily related to personnel-related expenses.
Operating income was CNY 2.3 billion. Baidu Core operating income was CNY 3.7 billion and Baidu Core operating margin was 15%. Non-GAAP operating income was CNY 4.7 billion. Baidu Core non-GAAP operating income was CNY 5.8 billion and Baidu Core non-GAAP operating margin was 24%.
For the fourth quarter of 2021, Baidu expects revenues to be between CNY 31.0 billion and CNY 34.0 billion, representing a growth rate of 2% to 12% year-on-year, which assumes that Baidu Core revenue will grow between 5% and 16% year-on-year.
The COVID-19 situation in China is evolving and business visibility is limited. The above forecast reflects Baidu's current and preliminary view, which is subject to substantial uncertainties.
Baidu Finding a Bottom SoonBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 17, 2021 with a closing price of 161.86.
If this instance is successful, that means the stock should rise to at least 163.12 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.595% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 7.5065% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 11.633% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 8.0 trading bars; half occur within 25.0 trading bars, and one-quarter require at least 37.0 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
BIDU Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
Time to get J.A.BJ.A.B refers to JD.com, Alibaba and Baidu , all of which I have vested interest in.
You can see from the chart except for Alibaba, both JD.com and Baidu since yesterday had broke out of the bearish trend and I hope I am lucky enough to scoop more of these good companies shares.
You can google more about these companies and find out more about its business, cash flows and latest news.
I also think the Chinese government has more or less done with the latest regulations on the internet industry! And thus far , these tech companies are also complying with the regulations, making adjustments to their business, cut out excess fats , etc. Thus, I think this irrational price drop is a significant discount for those who believe in their growth story.
Please do your own due diligence and assess these companies using your own metrics.
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.
Buy the dipThere's a lot that can be said about Baidu and its prospects going forward as well as its current valuation. Needless to say, the data that has come out as well as the analyst's ratings reports show that the prospective growth in earnings is comfortably towards the upside, supported by solid fundamentals. The signals on the weekly chart also look very promising.
Its a nice stock to own along side the likes of Alibaba which operate in the same space.
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Falling wedge pattern formed with strong fundamentals for BIDUWith an earnings and revenue beat, Baidu is poised for a bearish upward trend once headwinds from delisting and clampdown from the Chinese government are decoupled from the company. Technical analysis shows Baidu trading are key Fibonacci levels and forming a falling wedge pattern.
Price Target:
Near term: 212.08, with a 60% confidence
Mid-term: 260.87, with a 50% confidence
Risks:
Bear flag wrongly recognized as a bearish falling wedge (somewhat likely)
Government clampdown (unknown)
Delisting (least likely)