Bidu--Bearish BiasIt took a nice hair cut last quarter and economic events in china not so rosie this quarter.
BIDU/N trade ideas
BIDU- Bearish BiasI believe based on charts more likely to gap lower. They had a horrible earnings reaction last quarter while most of the companies reporting did exceptionally well.
BIDU - Stochastic Divergence on Channel LineBIDU is set up again. Traded it last month for a profit and now it is set up again.
Buy: 237.17
Target: 244.40 - 256.07 (3.05% - 7.97%)
jbzstocks.com
@jbzstocks
BIDU - Channel line bounceStochastic divergence on channel line support.
Buy: 240.75
Target: 250.49 - 256.27 (4.05% - 6.45%)
Stop: 237.56 (-1.33%)
Red to Green move / Possible GAP Fill / Above avg vol Red to Green move / Possible GAP Fill / Above avg vol
BIDU -- not yet overbought (using TSI)BIDU , despite its recent gains, is still looking strong on the TSI (Trend Shift Indicator).
BIDU Breakout Options TradeBIDU chart looks really strong. I think it will see $245+ maybe $250 this week. Notice when the thick red line dips below the band. Breakout soon occurs. Likely to sustain this trend.
Thnx for following.
