BIDU/N trade ideas
This is my very first publication on Trading View! $BIDUBIDU had a great run up past few weeks, very consistent and in-line with the direction of the market. However, I didn't personally consider it an out performer until it broke 285 resistance. Speaking from technical point BIDU broke a major resistance and pulled back into its original upward trend which started since Dec. However, today it failed to break through upper band of the channel and Fibonacci retracement. Meaning most likely we will see some pull back back and consolidation tomorrow.
Also there is new uptick in volume, which translates to bulls starting to take profit today from their prior longs and indicates considerable sell off. Hence the stock is very unlikely to make new highs tomorrow. Sell off may have been completed today or continue tomorrow depending on market condition. However under right market condition it will take few days for buyers to create an upward momentum in BIDU again.
However, as long as the market keeps up with making new highs, and doesn't change trend I expect BIDU to follow suit. If we see a pull back tomorrow, I think it is a great buying opportunity at $285-295 level with suggested stop of $10-$15. However I would have firm breakeven stop or close my position before going through earning report which is coming up next week.
My Personal advise: The market is overwhelmingly overbought and the news of stimulus and economical recovery and vaccine availability is already priced into the stock market. The main driver of the market right now is simply lack of investment opportunity in other asset classes, low interest and unprecedented cash injection by the government. All which puts the market in a bullish state with very fragile foundations. What all this translate to? At this time minimize your risk and stick to your stop orders because once this market start to break down it will do rather very aggressively and Government can only prop up the market to certain extend. Hence when the music stops you do not want to be the one hold the bag!
This is my very first analysis please let me know what you think?
I hold put options in BIDU, this is not a financial advise!
Best,
Ali
Bullish on BIDU going into earningsEarnings are still 23 days however since we are in still in bullish momentum from the big up move last Thursday. I expect tomorrow to test and then break last Thursday's high.
$BIDU Baidu Inc $340 price Target
Major confluence of fibonacci expansion levels between $338-$341, which should act as a nice consolidation level
after such a strong breakout .
$BIDU 15min EV PLAY Currently in a weekly BIDU call following the flows and the technicals. Entered 310C 2/19. Its been taking the stairs up.
analysts are back$bidu had a nice morning breakout from a wedge and new 52-week high. It looks like the market is reacting to analysts' upgrades post-$gme nonsense.
BIDU - Diamond Performance Dashboardlooking for a demand zone around 222. Scouting for electric car development/partnership news.
$BIDU 1h Still climbingAccording to the stock bot the next resistance is 172.74. Insane upside if Chineses stocks can finally rally this week.
Bidu - making the turn - Diamond Performance Cube.786 support as we move around the cube. Time for a new model.
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.
BAIDU Dynamic Adam and EveI believe this is an Adam and Eve formation
They are quite spread out however so interpret this as you wish
Looks bullish regardless
IRON TARIHi guys!
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Enjoy your wallet!
Tari.
Baidu, how I DO love you. $BIDU showing upward trend movement on DAILY chart.
- Ultimate Stock Indicator has a buy in the $140's
- has been paying since.
- another BUY signal flashes with only 6 confirmations.
- EV play
- China thawing with Biden on board.
- earnings runup should be beautiful.
$BIDU is a classic stock where when it says BUY, you buy. If it says SELL, you sell.
No need to watch the screen all day.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
Channel update kiss 258 weekly resistance yesterday and fell back to weekly support 249. Normally I would think this stock would retrace back to channel bottom but with ark buying so much of it it's a toss up
BIDU NeutralWeekly resistance at 270
RSI divergence
EMA20 Bollinger Band Upper band
There might be a consolidation
between 210 and 110.
Sell Iron Condor -- limit 6.3 (Credit)
SellToOpen Mar Call Spread C260/270
SellToOpen Mar Put Spread C200/210
Get Theta 2.04 per day
$10 range,
max profit 6.3,
max risk 3.7,
Reward:risk= 1.7:1
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
