BIDU Buy After Double BottomChinese stocks have been beaten up tremendously I think its over done Good time to buy BIDU given the stock just bounced on support. Baidu provides internet search services primarily in China (Chinese Google). Last week Bidu launched China's first fully driverless robotaxi service. 25x P/E is relatively cheap for a self driving play like Bidu when you consider the only other true competitor Tesla trades over 1,000x P/E. The biggest threat to Baidu right now is a exodus of foreign investment into the Chinese market. I think the price already reflects that and the potential for upside far outweighs the downside as this stock is only up 15% in the past 5 years.
Baidu
Erykah "Baidu?"Mission:
You don’t need us to tell you that China’s Internet space is booming. With the world’s largest Internet user population and a long way to go to reach Internet penetration levels of developed countries, China’s Internet industry is growing in both scale and influence. And as more and more Chinese users come online, Baidu continues to innovate to meet their changing needs and diverse tastes. We aim to serve the needs of our users and customers with products and solutions that prioritize the user experience and reflect our corporate culture – simple and reliable.
Recent News:
1.BEIJING, March 17, 2021 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU) Baidu Announces Pricing of Global Offering. a leading AI company with strong Internet foundation, today announced the pricing of the global offering (the "Global Offering") of 95,000,000 new Class A ordinary shares (the "Offer Shares"), which comprises an international offering (the "International Offering") and a Hong Kong public offering (the "Hong Kong Public Offering"). The final offer price for both the International Offering and the Hong Kong Public Offering (the "Offer Price") has been set at HK$252.00 per Offer Share.The Company plans to use the net proceeds from the Offering for the following purposes: continuing to invest in technology and enhance commercialization of the Company's innovations centered around AI; further growing Baidu Mobile Ecosystem and enhancing and diversifying monetization; and working capital and general corporate purposes to support the Company's business operation and growth.
2. BEIJING, Jan. 10, 2021 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading Internet platform and AI company, today announced its plan to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group ("Geely"). Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely, which holds the distinction of best-selling Chinese automobile brand in past years under the Volvo and Geely brands, will contribute its expertise in automobile design and manufacturing.
3. BEIJING, Dec. 8, 2020 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information-centered Internet platform and AI company, today announced that its board of directors has authorized a change to the Company's 2020 Share Repurchase Program, increasing the aggregate value of shares that may be repurchased from US$3 billion to US$4.5 billion. The 2020 Share Repurchase Program is effective through December 31, 2022.
*Not Financial Advice
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What's in my shopping list today !Here's a list of stocks, ETFs, commodities, currencies that I have went long recently :
Stocks :
Wilmar
Meituan
Geely
Beijing Airport
ZA Online
Baozun
NIO
Tencent
Yeahka
Lemonade
Amazon
Moderna
Tesla
Xiaomi
Stone Co
Baidu
Commodities :
Platinum
Gold
USOIL
Currencies :
EURUSD
NZDUSD
GBPJPY
Indices :
Nikkei 225
HSI
SPX500 (see chart)
Please note that this is not a recommendation to follow my trades as I would prefer readers to take time to understand their own trading/investment temperament, objectives , capital allocation, risk tolerance, etc before punching in the orders. Placing orders is a couple of minutes affair but what happened thereafter is crucial.
For example, you can see that for GBPJPY and NZDUSD, I have longed both pairs for quite a while, adding only occasionally though there were many opportunities to do so coz I need to allocate capital to other instruments that I am vested in. Again, how much to allocate in one product, I leave it to you to do your own research. Putting a % would be meaningless in this instance.
From this sample above, you can see that I am quite diversified in terms of sectors, countries, products,etc. So yes, you can say I am greedy in some sense, haha but in a good way, I assume.
Also, I am not able to filter find my commodities like copper , wheat, soy bean, etc in the search box as it comes up empty but if you go through the pages you would find them and I have also added some of those as well.
Once more, I apologised to those who are new to my trade posts and have enquired about certain stocks but I have yet to provide you the answers.
Have a great Friday , everyone and may abundance, peace and prosperity with all of you !!!!
BUY Baidu at 208$ to 240$ TPAfter tremendous drop from 300$ to 175$(the reason we know) it's now trying to rebound from levels 208-210$ what I think about it:
First move to 223 $ is over, it will takes some days to go at 208 $ -210 $ level again, after that it will create a support level at 205 $ and resistence at 225 $ until the moment price cross this levels try to work in deep of chanel or just keep and gather position at level 210 $ +.
Long term target price 350 $, price will stop and consolidate sometime at such levels - 230$, 263$, 300$, 330$, 362$.
BIDU Baidu Fibonacci Retracement target: $195China-based tech giant may receive increased oversight from Chinese regulators, in addition to threats from the U.S. about potential delistings of foreign stocks.
The U.S. Securities and Exchange Commission (SEC) has threatened to kick foreign companies off of U.S. exchanges if they don't adhere to U.S. auditing practices. (fool.com)
Fib 0.618 perfect touch: $195
If you are interested to test some amazing BUY and SELL INDICATORS which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
BIDU is going much higher stock split is coming pump timeOTM BIDU calls have been printing every single week on the EV hype. You might be afraid to buy in after a monster run out of its long bear trend. Don't be afraid because it is going much higher. A birdie told me that a stock split will be announced very soon. Don't sell calls options or you will lose your shares. Buy in heavy and let it run to $380. The split is intended to keep the price low and attractive as it gets ready for secondary exchange listing in HK.
Stock of the day / BIDUToday, we have a long setup to share. Here you will see a full explanation
a) The price is on a major Support Zone (check the weekly chart)
b) Now we can see a broken descending trendline after the price reached a significant reversal level
c) On the edge of the broken trendline, we have a clear Corrective Structure (Bullish Pennant)
d) Based on the previous items, we will execute long trades towards the next resistance zone at 186.63
e) Our Entry / Stop / Take profit level are the ones that you can see on the setup
f) Our Break Even level is the yellow line
g) We will take this setup using 1% of our capital
h) Remember: Trade Safe, protect your capital, and always understand what you are doing.
FANG+ Index: All US Fang Stocks Likely ToppedHello traders,
The NYSE FANG+ Index, which constitutes: Tesla, Nvidia, Alibaba, Baidu, Twitter, Facebook, Apple, Amazon, Netflix and Alphabet, have in my work, topped. In particular, those of which are US-born names. Some may get closer to their current ATHs than others, and others may consolidate in a B wave more than others, but overall as a general trend, many of them have reached their complete and total top.
A lot of people were angry at my Tesla call where I accurately predicted that the top was reached and it will begin to crash - this deemed to be correct and spot on. Since then, many people on TradingView have copied my Tesla chart almost identically with different colours now that they have already seen a significant demise in the technicals of the stock.
This is not the time to be taking risk and artificially believing large-cap US tech can "go up forever" otherwise you will get burned in the next half year and several years beyond.
Trade large-cap tech with extreme caution. This risk is not just limited to FANG stocks - but also - stocks like Peleton, that have soaring valuations; that are totally unrealistic, unsustainable and unachievable.
-zSplit
Adding to Bidu after the good earnings and rumours around IQYI Bidu results were better than expected I would say and without this new on IQYI would have reached the 140 marks but nvm I am adding to my position at 116 so good thank you for the good deal
Reached a good first support at 116 , should maintain ; next good support is 100 but I doubt this would go there again really
BAIDU BIDU BREAKOUTBIDU PT 133, bull momentum, already broke out few weeks ago, on the bottom of the yearly channel, earnings tomorrow, should benefits from CHINA-USA trade talks planned for the end of the week (trump permitted), Call Spreads 133/138 Sept, stop loss if market crash or breaks the rising triangle, risky play
Trump WeChat ban shouldn’t worry China tech stocksPowerful out performance in China tech unlikely to be undone by new Trump executive order
Wait for confirmation before entry long on BAIDUSupport :96.51
Resistance : 105.14
The market is ranging at the moment , we are observing the volumes because at the end of the day BAIDU is always dynamic.
If the candlestick formation is confirmed to be a pullback , thanks to the volumes, it will announce a coming increasing trend .
If the market strongly breaks the support line or the resistance line : The shape of the market will change. Follow the trend because they are possibility of seeing the market moving way from the actual range.
Beware:
BAIDU can open in the morning with a significant price change.