could we see a pullback?I will be looking at this area to see if a pullback forms. RSI on the daily seems to be at peaking levels. On my wave counts I have a 5 wave impulse up, so I'm looking to see a corrective wave down if this count is valid. That being said, this is showing great strength and sitting above 20,50,200 MA.
Thoughts on this?
BIDU
Watchlist 2023-01-31 #BIDU #HLIT #SOFISPY failed at the 404 level yesterday and continued to grind lower, but without a spike in VIX. Still making higher highs and lows so the overall strength is still present, we are just looking for support on the daily. Next key weekly level is 398, then 395.80 - a weekly support and a high vol node.
BIDU - new regarding chatbot was sold early on, recovered fully, then continued to fade late in the session. Bit of a mixed bag. Only looking long if support confirms at 136.
HLIT - beat on rev and earnings but guided lower than expectations. Now, gapping down 2.8 ATRs into very key support area. There is room in either direction off support so looking for capitulation below for a long above 12.90 or weakness below for a short.
SOFI - Relative volume of 4.7 prior day. If it forms clear resistance at 6.70 (200 MA) then breaks and holds about, there is room to make a new HOD. This might be a better play tomorrow if we get and inside day. But due to yesterday's vol that seems unlikely. If SOFI can hold 6.35 (PD low and key Pivot) we can risk off there as well.
Watchlist 2023-01-30 #BIDU #JD #RIVN #LCIDSPY gapping below PD open, putting any Friday longs underwater. I think it tests the convergence of the balance are top and the descending trendline around 400 - 401.50. From there, look to see if pops are sold are if they hold, that will tell if we had enough fuel to continue higher or if we need a larger flush out before approaching the 410 area.
BIDU - launching an AI-power chatbot in March. Not only is this the hot topic right now like crypto in 2021, but BIDU is also gapping over a balance area with a prior day bullish hammer. A+ setup if we can hold over 139. No real resistance until 150, and with a 5.0 ATR range is possible this could go that far today if SPY heats up. However, no bias until price actions confirms thesis as other ADRs are gapping down today.
JD - panning to exit sales in exit Thailand and Indonesia market. Sitting on key support at 61. If this can't hold, 58.30 at the 200MA is the next target. To Improve risk reward, better to sell pops in this IMO as long as they fade after and don’t hold.
Watching other ADRs if weakness from PM continues: BEKE, BABA, PPD
RIVN - keeping this on watch over the high volume node at 20.30. Also, past the April 25 2022 key pivot resistance at 19.30. If LCID buyout bullishness continues, RIVN could have a support rally.
BABA Short IdeaGood setup for a short. Equity reached highs of the last run and starting to stumble while market ripping and showing some reversial potential here. Also not surprising is that it was one of the leaders in the up move and now is signalling where the market may go next. Red line SL, green lines TP 1, and 2, respectively. GL
BIDU Potential for Bullish Continuation | 26th December 2023Looking at the H4 chart, my overall bias for BIDU is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a buy stop entry at 139.03, where the previous high is to ride the bullish momentum. Stop loss will be at 124.07, where the previous overlap support and 23.6% Fibonacci line is. Take profit will be at 155. 40 , where the previous swing high is.
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BIDU Potential for Bullish Continuation | 26th December 2023Looking at the H4 chart, my overall bias for BIDU is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy stop entry at 139.03, where the previous high is to ride the bullish momentum. Stop loss will be at 124.07, where the previous overlap support and 23.6% Fibonacci line is. Take profit will be at 155.40, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Baidu Potential for Bullish Continuation| 19th January 2023Looking at the Daily chart , my overall bias for BIDU is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 124.11, where the overlap support and 50% Fibonacci line is. Stop loss will be at 107.23, where the recent swing low and 38.2% Fibonacci line is. Take profit will be at 155.48, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BIDU Baidu Options Ahead Of EarningsIf you haven`t sold BIDU here:
Then you should know that looking at the BIDU Baidu options chain ahead of earnings , i would buy the $105 strike price Calls with
2022-12-16 expiration date for about
$4.75 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
$BIDU going against the grain-RECAP🔸️Ticker Symbol: $BIDU timeframe: 4H 🔸️4X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: This alert was posted last night.. options ran 90% today!!
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
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.
BIDU - Phase I breakout
I love this chart not just because how the price is acting, but this I believe provides a template for the other growth names that are beaten up.
Testing 200 DMA ...positive because price is at that key level, but negative because first test rarely gives you breakout++--
Big bearish candle near 200 DMA ---
Any pullback above 130 should get bought up. Early, but I like this among the china name to trade near ATH in a couple of years.
BIDU - Look out Below.. Big Bearish Move DownToday we look at BIDU
We see a Huge Bearish Descending Triangle in which we have been in for the last 280 days or so.
We can observe this as illustrated with the lower highs while we are posting the same level lows
To add to the bearish sentiment we also formed a Bearish "Bear Flag" within the same price structure.
We just broke down from the bear flag and closed below.
Looking at price action and volume we find data to support a bigger move lower as well.
We are taking longer time buying then we are selling AND the price action bars buying are far weaker than those selling. Volume supports and agrees as well.
Going into Monday we are looking for some small corrections to start the week then ADD to our PUT OPTIONS as the market continues to sell off.
First Long Term Target: $95
Ideal Re-Entry: 153-157
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 - will third time be the charm?
holding above daily MA ++
MACD signal is green on 3D chart ++
Downtrend broken +
Trendline resistance ---
Overall bearish market sentiment -
Overhead VWMA resistance ---
Likely that it tests VWMA at 164 (on news?) and pulls back into the ER. if it builds above 150, could see 225 level soon after. still early, but should be on the focus list for 2022.