BIDU - DECLINING TREND SET UP ?Applying Wyckoffian Logic to chart of BIDU. Look for failure to reach median line on Andrew's Pitchfork for possible confirmation of furture decline in price?
BIDU/N trade ideas
BIDU BAIDU Buy at support signalWhat can I say - I like to buy at support and sell at resistance...also to buy breakouts.
The case for BIDU - a sharp fall, 50% retracement from recent highs and a bounce off the low confirms a bottom.
A low risk entry with a stop below the low offers a good risk reward ratio.
Using CBL - count back line analysis, we can draw a line (green) from the height of the 3rd lowest daily candle and buy when price moves above this line.
Far-fetched idea for BIDU in the coming weeksBIDU bounces off bottom of short-term channel to test 50DMA then drop towards earnings around 8/2 if that fails.
BIDU: Obsolete and NotoriousBIDU has dived sharply because of its bad Q1 report which sparked several managers to quit.
This notorious giant is far behind another two giant, Alibaba and Tencent.
Although its future looks dim, a good demand zone may support the price from descending further.
Buy at 83-97
SL: below 83
TP: 162
BIDU must have a revolution as soon as possible, otherwise, more disasters are waiting for it.
BIDU BAIDU entering in to the Long Zone LBLS analysis" BAIDU Analysis in 4H timeframe:based on trading view script LongBuyLongSellIndicator (LBLS indicator in short).
Analysis as : Long:
To understand completely about the LBLS indicator ,the script link is given below at the bottom.Simply click the LBLS image below that will take you the latest revision.
I was going through all the time frame chart of BAIDU to identify the right entry.Here is my view and the fact about this BAIDU .
Currently I think BAIDU will have a minor retracement here to retest the level before taking off to our predicted move.
There is no myth to use several indicator to be good trader ,Use simple and effective Indicator of your choice which can help getting the right spot to trade and invest.Whatever it may let it be very simple to use.
with the help of LBLS indicator , i check three basic yet effective rules for Entry.
Long:
Make sure the candle color transitioned from Black to Blue / Red to Green .
The Strength-meters Here is the example of Strengthmeters with Open Pine code ,it is nothing but group of top performing indicators,Used 7 indicators to predict this.Minimum 4 or above showing in charts in the current candle or within two candles in Green Color (Red for Short).
Background Color changing from Red to Green is the added advantage.
Short:
Opposite of the Long Logic's.
In General in chart we have to see a pattern the price is moving HH for Long or LL for short.
Please study the price action techniques to understand the HHHL,LLLH for predicting the market.
This is key to success in market.
Remember :
The LBLS indicator analysis is one of the easiest methods to recognize the price moves and usually quite reliable.
In General no trade occurs the way we want it to touch 100% right. if we can predict entry 6 out of 10 correctly ,we will win the Game whatever be the indicator used.
If you are winning an average of 60% of your trades with strict money management, you are going to win the Trading Game for Sure! Take out the emotion ,Practice disciplined trades.
with the rules of the indicator and price action ,This looks to be a good short at this point of time. Share your views in comments section.
Remember for right entry point
Remember for Stop Loss
Remember for partial take profit
Remember for closing the remaining profit
The Main Script behind the Analysis:
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BIDU: Trade talks speculations playGood chances we may hit 117.xx today or tomorrow the least. We can go higher if conditions permit.
Prices marked
Short term Bullish to $176BIDU Short term bullish to around $176 represents a possible short term trading opportunity. Looks to bounce off the trendline. Note that earnings report on May 17.
BIDU - looking for a bounce next weekNASDAQ:BIDU appears to be oversold and there is a possibility of one leg up in anticipation of Trump-Xi Meeting. Risky trade. Sell on a bounce. Keep a very tight stop loss
Baidu will be a fantastic reversal trade if Trump makes peace.The G20 summit really can not come quick enough as the Nasdaq and DOW hang on by their fingertips to the ATH level, technology stocks in particular need a positive outcome from the Trump Xi meeting whether it be sincere or not. Baidu has fallen victim like many Chinese stocks to investors not willing to risk their cash in battleground stocks used as a pawns in a very complexe game of trade. If there is a agreement or trade peace treaty BAIDU is a must have stock to benefit from a huge reversal, keep it close to mind as the weekend approaches, despite its weak chart, technicals will not matter if fundamental change.
As BIDU Goes, So Goes the Chinese EconomyBIDU is a huge bellwether of China. It has collapsed to a new low, indicating that the economy of China may be worse off than the official reports claim. This new low created a temporary bounce due to a severely steep selling trendline pattern.
BIDU 2019.6.11Strong Pressure from pass at 117
Break 111 bearish trend
long at 113 stop loss 111, TP 125
$BIDU Don't try to catch this Knife. Baidu has more pain to comeOMG this has been a horrible stock for the last year, its dropped so much even bottom feeders won't touch it. There is still a possible 30% for the shorts to gather before this finds a bottom at 2013 levels. If the trade climate changes with China, get into this as quick as you can, it will rocket higher. Remember just because something is cheap doesn't mean its a good buy, in the current market, keep your capital safe for brighter times.
Imminent reboundBAIDU just closed a gap of July 2013. This is too important not to rebound here in the short term.
Buy buy buy, as much as you can.
BIDU showed its hand (May 4 - 8)An interesting look at BIDU in the days leading up to its decline.
Single Powerline indicator signal
Second Powerline indicator signal
Decline without any buy indications until earnings.
My Favorite Stock for Today May 17 2019 (Daytrade)Good Morning, as we can see we have a catalyst on NASDAQ:BIDU , first time since it was listed to have losses, its at a nice pivot, below the MA's, and below the short sale restriction, i will wait 5-10 mins after the market opens and i will trade it to the short side (I am a short bias trader), i think we have 2-3 points of space to come down, if we can hold up this levels it can be a good trade.
Remember that this is for educational purposes only.
$BIDU Bears in full control, results won't matter to sentiment. Today's earnings from BABA were really good but after an initial pop it bleed into negative, BAIDU could very well act the same. The chart is ugly with a break from a bear flag on high volume and indicators all point south. There is a chance that the earnings could be great and the stock jumps, but we cant see it happen under a cloud of poor
sentiment.
