BIDU - SHORT TERM BULLISH. LONG TERM BEARISHOutlook:
- Short term bullish, long term bearish due to a big bear flag on daily time frame.
- Target short term: 185-186 (hitting MA200 resistance)
- Stop loss: below 163
- Earnings report on May 16
BIDU/N trade ideas
BIDU Long - long term target 220 & short term 190Jumped up 13% from $167 to $185 share on April 9th, then dropped 9% to today April 15th. IS THIS headed upwards trajectory again towards $190?
60 billion Market Cap, PE around 14, this sure looks like a screaming buy with the population
of China. Worlds one third population will be using BIDU not Google.
How ingrained is this company in the modern Chinese way of life? Is it comparable, at all, to the way Amazon and Google were ingrained 20 years ago here in the U.S. and are ingrained today?
BIDU reversal - time to shortBidu reversal and moving down. Falling to next support on trendline around 166.
$BIDU *** ON SALE DOWN 50%***The Google of China may at long last be a safe buy, dependent on Mr Trump of course. We think there is a great opportunity in this stock which is trading at a PE multiple of 15. It is a innovator and somewhat of a cannibal
just like Google, monopolizing its sector. We see it as a strong buy into earnings given its diverse revenue streams.
Baidu is on the move and broke a key resistance levelBaidu is on the move and broke through a key resistance level. Best value Chinese tech stock at 15 PE ratio and still growing 20% yoy. Only retraced 21% back to the prior highs.
BIDU Quick move out of base comingBIDU I think it will pull out of it's base, and should start moving higher fast.
BIDU Bearish Wedge Formation Watching the uptrend support level for a solid break on volume. Stops in place as always.
BIDU Bear flag (consolidating) NASDAQ:BIDU
BIDU has formed a bear flag on the daily chart and drilling down into the hourly chart, we can see a clearer picture. Watching for a break of support on volume and a possible retest for confirmation for further downside.
Only 2% of the float are short (as of today) so short squeeze unlikely. Keep risk tight, any reclaim of support (if/when) it breaks would stop me out.
$BIDU Uptrend Breakdown - Bearish Options Activity$BIDU Broke down out of its recent uptrend yesterday after negative earnings reaction last week.
$24M traded today in March 15th 195.00/200.00 strike puts (deep ITM) for very high per contract premium
Near term target - sub-$150 by mid-March
Note: Informational analysis, not investment advice.
$BIDU Bullish Pennant - Earnings This Week$BIDU Strong growth stock looking under-valued vs peers with P/E around 13x.
Expecting this stock to run with earnings this week and a possible US/China trade resolution looking possible near term.
Medium term target - $200-$210 range
Note: Informational analysis, not investment advice.
