$BIDU | Allocation | Market Exec | Technical Confluences:
- Price is considered at Oversold conditions in the D1, Weekly and Monthly Timeframes
- Taking a Fibonacci Retracement from the beginning to the high of BIDU, price action is now at the 78% Fibo retracement
- Price levels coincides with a Demand Zone which has been a strong demand zone over many years every time these levels are tested
Fundamental Confluences:
- NASDAQ:BIDU is referred to as the 'Google of China' and has been diversifying it's offering into AI, cloud services and autonomous driving tech.
- Locally, they are up against Tencent and Alibaba in the digital ads, AI and cloud services but on a global scale, Google and Microsoft are there against them
- Being 'Google of China' gives them the brand recognition and giant user-base helping ads revenue
- Financially, they have been reinvesting most of their profits back for R&D and business expansion which for me, is important for Baidu to leave their mark strongly and remain competitive globally.
- Recent earnings showed that they missed Revenue slightly but it's higher than previous Revenue results; EPS has beaten estimates most of the time as well
- However, Baidu has high reliance on the Chinese market and makes them vulnerable to economic downturns or regulatory matters which is the current situation for them now
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NASDAQ:BIDU is a long-term hold for me and considering it's value has dropped, it could be a value play at 9x forward earnings.
I have previously got my first entry into it early August. Prices is still pretty much at the same levels. I will still look to add on more in the Target Zone area and hold onto it for now
Will revisit it again later on but it's still allocation period for me.
If price breaks below 70 then, I may reconsider re-shifting my target buy levels
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Bidulong
BIDU, Inversed Head and Shoulders patternMy eyes are glued to Baidu stock, ticker BIDU, as it is forming a perfect trade/invest opportunity for me. Pattern I love the most, Inverse Head and Shoulders on the Weekly time frame.
Things to consider:
1. My first entry point would be right above the 200MA on the Weekly time frame, though the pattern would not be finished on that price level sitting at $146-147, I would like to get some action once the stock breaks this level.
2. My stop loss for this entry would be a bit tight, I don't want to let the action plays around. I want a straight up move and clean progress to the higher price levels. So, the SL will be sitting at $137 level.
3. My second entry will be placed right at the break of the neckline of the Inverse Head and Shoulders pattern. Price level to watch and consider as potential adding to a position would be around $154 to $161 price range. I know, it is a bit large price gap but I am willing to add to positions on those levels.
4. My stop loss for the second entry will be sitting at $147, just above the 200MA level.
5. I will be targeting the $255 level, as that price level would be the same length as the length from Head to Neckline is.
Of course, as always, please do your due diligence. I am aware of the risks of trading and investing, also, I am investing my own cash. Please take care of your money!
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.🔸️Ticker Symbol: $BIDU timeframe: 4H 🔸️4X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: With Earnings around the corner, $BIDU has shown an impressive rise in price action, regardless what the market is doing writ large. $BIDU is giving us a 4x indicator of a price explosion; money momentum increasing, bounce off the lower regression channel, bullish middle band, and a key EMA crossover. With many analysts suggesting a positive review on 30 Aug, we can see that the market sees the good news around the corner as well. Tomorrow I will be looking at 23 Sep, $150 calls for 2.7; as I think $150 is a perfect price target for this stock!
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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
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BIDU Price TargetPrice target for BIDU is $147.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
BIDU Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
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$BIDU - Long Trade Opportunity Above 205BIDU has a really clean setup this week! We're sitting right at the 203/205 resistance, meaning long trades are valid at any point above it. We will likely make a quick trip up to 223, then 228 if it starts running. Above that it's clear skis up to 264, though it's unlikely we reach that far. The only reason I even included that is because ROKU blew me out to the upside last week, and I don't want to get pantsed again. I know many traders are eyeing this trade and the open interest on it is huge, so there may be some fun gamma action and MM trickery with this one. Regardless, insanely clean technical setup. I'm personally going long above 205
BIDU — Using RSI to dictate momentumVolume averages have increased throughout the last year indicating increased volatility, and in a low-vix environment with high inflation expectations subsequently an inflated market with inflated price-swings and volatility. PTs and resistances were created since last-year's trend started, showing clearly in-tact relative tops & bottoms from 2020 status quo with a double drive reversal showing its sign, persistent 2-wave behavior during this week (13) and ready for big reversal soon.
BIDU PT + Technical Observationssry i can't stop staring at these charts, but notice how crossover and divergence on 1hr RSI shows mega-wave top and bottom, and that we see a stochastics crossover today while futures absolutely rip and BIDU remains persistent in testing its respective waves. We truly are at the bottom.
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.
BIDU - 14.71% Potential Profit - Bullish PennantUptrend Support with a Bullish Pennant forming and price breakout.
Target price set at a new potential resistance line.
- 5-month uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $127.52
Suggested Stop Loss $124.15
Target price $146.29
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.