bidu - longExpecting price to rebound sooner or later. Price is at oversold levels at the moment. Analysts target is $250.83, waiting for my edge to appear to get in but price could rise.
BIDU/N trade ideas
$BIDUThe main concern or reason for the tumble in stock price would be China’s increased regulatory scrutiny over tech firms during the past few months.
On top of that, people also might be worried about delisting threats for Chinese companies by U.S. regulators.
But on the other hand, people should look at how $BIDU is expanding its horizons, for instance, the company ventured into AI space last year, and also launched an autonomous taxi service in China.
Yet, the stock price doesn’t seem to reflect optimism or an open mind to Baidu’s evolving business.
$BIDU has two strong support levels on the major timeframes. $137 & $80.
I suggest keeping your eyes on these levels for an opportunity to go long.
Price also oversold on the daily & nearly the weekly.
- Factor Four
The worst is over for Chinese names BIDUIf you are a long term investor I hope you used the panic to top up your holdings. If you are a momentum trader you still have the opportunity to ride the bounce or accumulate your position a bit later. Possible scenario for BIDU but all names have something similar is as follows.
I treat that panic as an exhaustion and behavioural pattern confirms that so I consider the worst is over.
Personally, I played that dangerously catching falling knives and loosing hairs so my words bring some sort of hope, but from technical perspective the situation is as follows.
Another option is to treat the current leg up as a retest of the previous support but usually when you have seen that sort of panic and all the papers writing the same thing - it is just over.
I expect some turbulence at this resistance since bears will try to play down the move but final move is gonna be UP.
bidu still no signs of reprieversi and stoch both in oversold territory but no sign of reversal yet...monitor closely
$BIDU Bullish RSI divergence.Today provide a pretty big wash out but was surprised it closed higher on RSI than the recent low of a few days ago. Would be nice to see a bounce tomorrow and accumulation starting to back it. If so, it will be a possible buy for my clients and I. However, I am still waiting until September to do much buying.
Baidu, Choise for Long Term InvestmentChinese government regulatory, delisting threats, some of the reasons why price have fallen. Baidu made strong correction, has strong fundamentals, so maybe it is a good investment for long term. Q2 Earnings surpass estimates, but the price falls in the premarket. Baidu maybe will check RSI 30 oversold zone on 5 year chart (my analysis is published on 1 year chart). So this point or 0.786 fibonacci level maybe it would be a good point to enter.
BAIDU opporutnity to go Long based on fundamentals - Long terme Nice oppurtunity to maybe profit for a rebound. Stoploss zone under 147 USD.
BBZ = 82/100 USD
BIDUChina....getting absolutely clapped in recent weeks but the chart dont lie. As it is, a decending triangle is bullish more times than not. China may have their day sooner than later. Any kind of positive china news will send it. ill wait for another over reaction dip to trend support $145 to add as it is currently at the top of the range. ER Aug 12. if this pops, look for BIDU/DIDI sympathy
played out as expected! love to see it BIDU dumped after breaking support as expected, not much support left but the proifts are almost 200% on the puts, thats more than enough for me :) next area of support is 140-150... if we keep getting negative news related to Chinese plays i can see this dumping to low 100s in the future. good luck :) like and follow for more
LONGBaidu reached to major POC and Monthly EMA 200
Expect for big move up next week with earning reports.
Midweek Watch 7/21 - $BIDU LONGBelow the quarterly pivot and previous low. I’ll watch to see if it wants to continue. I get the feeling it wants to push back to these previous highs near the 181 area.
BIDU (daily) inverted chartI inverted the chart to make it easier to see the bearish perspective of the chart, ascending triangle are really easy to see. On the right side, we are currently in the last leg (E) of the falling triangle. A break of 170 would possibly bring us back to a previous top that could act as a support. But, is it doable ? Not so sure, it looks already cheap enough to attract buyers.
BIDU has currently a PE ratio around 8.50, yes only 8.50 in that market !!! We can see it as undervalue and a good buy. If China stocks comeback in the second half of 2021, that count would be invalidate. Next earnings will dictate the direction of BIDU. It will bring us back to a 200 retest or down to the target on the chart.
Everyone should be aware of both perspective, but longterm and fundamentals always win. BIDU is a great company, their revenue is increasing every year and has a lot of potential, it is also at a good price so scaling in could be a good strategy :)
BIDU support is breaking, could fall off the cliff soon.BIDU may break a very important support zone soon, with the negative news always revolving around Chinese stocks i wouldn't be surprised if it happened. id wait for confirmation of 170 support to break before going short, watching closely! target 150 if its plays out as expected. good luck! dont forget to like and follow for more ideas
There's still bearish momentum for BAIDU before go back to bullBIDU could go down lower than 177.11 to complete this zigzag correction.
There's a bearish divergence spotted in CCI but it might only show that
this downtrend is getting weak.
Once the price is lower than 117.11. I Will look for bearish divergence again
and find an opportunity to open a long position
$BIDU HTF ACB Long#1 Main Watch
$BIDU HTF ACB Long (Swing)
Monthly - Decel/50 ema
Weekly - Triple bottom/Support/50 ema
Daily - MACD Divergence/Support/Descending Triangle Pattern
RR - 7
Additionally on Watch:
Secondary - $NERD
Secondary - $POTX
22 stocks on development needed list
Live Trades:
$COIN
$NIU
$TLRY
$BIDU - Busted triangle target $220 to $230The triangle was busted. It looks like its playing out single bust.
$230 is the neck line of H&S that played out before. So it can climb above $230 it can reach $280.
Good case - $220
Better case - $230
Monster bullish case - $280
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
BIDULooks great for next week.
A false breakout to a shallow depth occurred at the support level of 177.00 and the Instrument quickly returned beyond the level.
On Monday, you can look for entry points on a 5 minute chart.
stop 0.5%
Take 1 6%, i.e. 1 in 12
Take 2 12%, i.e. 1 in 24
$BIDU | Triple Bottom: Back to $200 $BIDU formed a triple bottom at $175
I expect price to bounce here back to the upper end of the range.
Can easily see $200 in a couple weeks then $220-225
Good luck !
High Risk tradeDouble bottom, may be the end of Wave 2. Can be bought with a strict stop loss below today's low.
Go Long after the margin CallBaidu margin Call, if you don't know this: seekingalpha.com
Since April, we still not have much development on baidu, but long term there should be a an upward movement.
Please also have a look in this article, regarding other interesting stocks, which margin call fall down: realmoney.thestreet.com
