BIDU/N trade ideas
$BIDU - 200EMA: BOUNCE OR BREAK?NASDAQ:BIDU
LOOKING TO PLAY $BIDU OFF OF THE 200EMA (RED LINE). CURRENT TREND HAS BEEN DOWNWARD AND I AM LOOKING FOR A BREAK BELOW THE 200EMA ON THE DAILY.
WITH A BREAK BELOW THE 200EMA I WILL BE LOOKING AT THE VOLUME PROFILE AND WATCHING TO SEE IF THE PREVIOUS BUYERS ARE GOING TO TURN INTO SELLERS (ADDING TO THE INCREASE SELLING PRESSURE).
1ST TARGET ON THE BREAK IS 190 -> 185 -> 180
***JUST A THOUGHT, JUST A TRADE IDEA***
GOOD LUCK,
BIDU--> chinese whale waking upBidu is showing bullish sign. Indicator are bullish and today bears tried to bring it down but was not successful that indicates high bull sentiment. This stock can go up any time.
BIDU - Good case 238, Best case 300, Bad case 191, Worst case173Head & Shoulder projection paid half way and reversed. Neck line rejected on reversal. Consolidating before making the next move.
Good case $238, Best case $300, Bad case $191, Worst case $173
If it breaks out about 222, we could break above the neckline and avoid bad and worst case. Short term target in that case is 240.
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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.
BIDUBAIDU (NASDAQ:BIDU) PRICE TARGET AND CONSENSUS RATING
17 Wall Street analysts have issued ratings and price targets for Baidu in the last 12 months. Their average twelve-month price target is $273.27, predicting that the stock has a possible upside of 23.68%. The high price target for BIDU is $400.00 and the low price target for BIDU is $123.00
Baidu, Inc. provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos. It also provides Baidu Knows, a question-and-answer community where questions are asked, answered, and organized by users; Baidu Encyclopedia; Baidu Healthcare Wiki; Baidu Wenku; Baidu Scholar; Baidu Experience; Baidu Post Bar, a social media platform; Baidu Maps that offers locations, and intelligent routing and navigation services; Baidu Input Method Editor or Baidu IME, a Chinese-language mobile keyboard; Baijiahao; and DuerOS, a voice assistant platform. In addition, this segment offers online marketing services, which include pay for performance (P4P), an auction-based services that allow customers to bid for priority placement of paid sponsored links and reach users who search for information related to their products or services; other marketing services provides display-based marketing services and other online marketing services based on performance criteria other than cost per click; Apollo, an autonomous driving platform; and Baidu Cloud primarily provides AI solutions, cloud infrastructure, and other services to enterprises and individuals. The iQIYI segment provides online entertainment service, including original and licensed content; membership services; and online advertising services. The company was formerly known as Baidu.com, Inc. Baidu has strategic partnership with Zhejiang Geely Holding Group. Baidu, Inc. was founded in 2000 and is headquartered in Beijing, China.
NOT AN INVESTMENT ADVICE.
Every investment and trading move involves risk, you should do your own research while making a decision.
Best regards
BIDU looks interesting for a small sized entryBIDU looking interesting for a small sized entry before earnings (5 days). Looks like the local correction is over. Forward PE is around 18.
ABC BullishBIDU is traveling fast since price hit C and a hammer was formed
I am watching this but want to be a bit closer to support.
No recommendation
Possibly parabolic on first run up but has pulled back to just below the .786 fib level. Sometimes former arcs are volatile for a bit until price settles down.
BAIDU D1The Baidu search engine is one of the largest and most popular search engines in the world. In China, it ranks first in terms of its demand. The IT sector was in great demand last year. Quarantine restrictions and lockdowns have been introduced around the world that have forced people to actively use the Internet. After the collapse of the markets at the beginning of the epidemic, the market managed to recover and even reached a new historical maximum. Now the company's shares have made a deep correction and are at a fairly strong support loss. To date, a new wave of the epidemic has begun. And the situation for the shares of companies that are engaged in computer technology may repeat itself.
BIDU likely to choose a direction this weekBIDU looking to pick a direction this week. It has been consolidating last week but a push over 216 can go to 228 while a pull back to 208 can go back down to 200. Watch what it does on Monday and consider a short term trade to one of the fib levels.
BAIDU D1The Baidu search engine is one of the largest and most popular search engines in the world. In China, it ranks first in terms of its demand. The IT sector was in great demand last year. Quarantine restrictions and lockdowns have been introduced around the world that have forced people to actively use the Internet. After the collapse of the markets at the beginning of the epidemic, the market managed to recover and even reached a new historical maximum. Now the company's shares have made a deep correction and are at a fairly strong support loss. To date, a new wave of the epidemic has begun. And the situation for the shares of companies that are engaged in computer technology may repeat itself.
doesnt look very good does it.I do not trade it just idea
would personally dump if next week ends under 212.49
Be Realistic ! there are always alternative scenariosit is vital for all traders to control their emotions. getting excited is natural for everyone but if you want to be a successful trader you have to learn how to control your feeling. we trade based on the facts not feelings!.
there are always alternative scenarios and a wise trader should be prepared in advance. being aware of alternatives can help you to control your feelings and manage your trade well. one tool to manage the trade is using Multi Unit Trade Strategy which will be discussed in another separate post. Here I want to introduce some alternatives for market path when a trader enters to a trade after an ABC correction .
First I should emphasize that I used BIDU chart just as an example and I do not claim that BIDU will follow what has been shown on the chart.
Alternatives after a possible ABC corrections are:
1- starting a new impulse wave and making a new major high : traders hope for this scenario and enter into the trade for making noticeable profit but does it always happen?
2- what we consider a wave C is not actually what we considered and it was in fact wave 3 of a descending impulse wave. experienced traders have faced this scenario many times. I showed this possible scenario on the BIDU Chart.
3- Stock may make a flat correction. this alternative has been drawn on the chart and you can see it's internal structure. flat corrections can be very misleading. be cautious !.
4- Dobule or triple Three correction. this scenario may pose huge loses to unexperienced traders when they feel correction is over and they see market is going up but suddenly every thing will change. Also recognizing a new entry point is not so easy in this type of correction. an example of a Double Three Correction has been shown on the chart.
Good Luck Friends
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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Bidu - Head & Shoulders BreakdownThis is a textbook head & shoulders breakdown on Bidu, it is now attempting to reclaim the neckline but is hitting resistance.
