Bidu - Head & Shoulders BreakdownThis is a textbook head & shoulders breakdown on Bidu, it is now attempting to reclaim the neckline but is hitting resistance.
BIDU/N trade ideas
BIDU PT 04/2021 Week 14 UpdateStill following nicely, double top faceoff before full recovery, finishing last leg down before continuing megawave up to Xi's top secret moonbase.
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 Break Above RessistanceBIDU is reaching old resistance, with volume, this should be a good buy.
BIDU 250$ CALL SWING TRADEAscending triangle breakout could be a sign for a bullish trend up. CALL OPTION opportunity!
Tips for Beginners Playing the Downside!Here is a quick tip on how beginners can translate what they know about playing the upside and utilize the inversion of the chart to make sense of playing the downside!
A lot of New Traders have a tough time playing the downside and this is a great way to start making sense of it!
BIDU could head to $150Do your own research. Another Head and shoulders top breaking down. Measured move could take it to $150.
$BIDU Weekly Straddle Setup! LOW RISK/HIGH REWARDVideo breakdown on a low risk/ high reward play I am watching on $BIDU
BUY Baidu at 208$ 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 looking for bullish setup after fire sale last week!Firstly of all, my pair trade setup of BABA/BIDU is really successful. you can check the linked idea below.
Secondly, the free fall of BIDU was triggered by fire sale from a hedge fund who was believed to be default late last week. ViacomCBS, Baidu and some other stocks have been impacted a lot by the liquidation.
Thirdly, look at the free fall angle. I don't think it's sustainable. After the massive sell, I'm looking for bullish setup of BIDU because the fundamental of the company has not changed.
Trigger part: 60 minutes with bullish patterns, e.g. bullish engulfing pattern
I would expect the trade will give us a quick 20%-30% return in the next few days.
BIDU | Close to the Buy ZoneHi all,
after enjoying a really strong rally from mid 2020, breaking through a couple wedges (marked on the chart), BIDU has been suffering some strong selling / profit taking over the past couple weeks.
On the daily chart, we see a long and steep Flag forming. Bearish MA crossover and current negative news cycle could depress price further in the coming days.
I'm looking to add to my position if this trades back down to the 200$ - 225$ range. Will be looking for a bullish divergence to the RSI as a trigger.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
BIDU target 467.10Updated BIDU idea with the recent crash.
467.10 is the target
Nice entry here.
Posted my entry on my patreon
www.patreon.com
$BIDU: sell call options$ BIDU. In the head and shoulders pattern, we are waiting for price action to move lower than the neckline after the peak of the right shoulder. You can try to make some money by selling call options against the neckline, which becomes resistance now.
BIDU PT 05/2021Following basic price action, SPY market recovery imminent in my opinion. Expecting a melt-up to ATH's this April, back on the bull for BIDU.
