BIDU big levels in playHitting the lower WEEKLY Bollinger Band
Previous range highs as potential support.
Previous range trendline coming into play soon.
B1C trade ideas
BIDU going to go BAI BAILooks like a pretty bearish setup exists on BIDU over the course of the rest of the year, with a bottom expected early 2019 at the rectangle. In Elliott wave parlance, I expect that bottom to be higher than the spike low in 2015 to constitute a running flat (with the terminal point higher than the intermediate point) -- this would put the macro extremely bullish, while keeping the micro extremely bearish.
$bidu a bounce before the final leg down$BIDU is a little oversold at this level. Expecting a bounce to 297 level before another leg down to the 200s
BIDU Testing Support, Potential Bounce! BIDU is testing its support at 227.04 (100% Fibonacci extension x2, 78.6% & 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up from here to its resistance at 248.58 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 2.9% where a corresponding bounce could occur.
$biduYesterday’s downside breakaway gap suggests trend change now to the downside with potential gap fill target of $210 - $204 and ultimate $180 target over next few weeks.
Baidu (BIDU) earnings preview: aggressively expanding into non-sBaidu has been evolving from a mobile-first to an artificial-intelligence-first company. The company has been facing competition from other Internet companies, particularly Alibaba and Tencent. In the near term, margins will remain under pressure due to aggressive content spending and talent acquisition costs for AI personnel.
Sitting on a cash pile of over CNY 100 billion, Baidu has ample dry powder to invest in technology, particularly in artificial intelligence, as well as merger and acquisition opportunities.
www.finstead.com
Swing trade on BIDURecently BIDU(Chinese tech gaint on search engine and AI) annouced their new AI research chip "Kunlun", meanwhile their driverless bus Apollo are released mass production. (www.youtube.com)
I was a little suprised that BIDU's price are not reflected those news immediately, (could because of Independce holiday?), but yesterday the price of BIDU finally got boosted and paid off my investment on $243.5. While, I see the resistence would be at $270-$273.
$FDS - Updated I was hella intrigued by the chart originally because I knew just right off top of my head it seemed real familiar. Eventually, I saw the same pattern across some tickers, but $BIDU was (one of) the only ones that lined up THIS similar. I originally posted the idea to get short right before earnings, expecting a dip to @ or around $199, before falling farther. Except now, I see something completely different. Yellow (20) EMA + Green (45) EMA both above 180 WMA, whereas 55 (low) MA usually lets price determine what trend is after a dip (whether or not price consolidates above, or below 55 low MA). Lately I've been seeing plenty of tickers going through rough patches but, this week more-or-less, consolidated around that 55 (low) MA and after this week, are just now continuing the bull trend. With $BIDU, 223% matched right around 78.6% sell-signal from its high. With $FDS, 200% is looking like that same 78.6% long target / short entry. Essentially, once that 55 (low) MA begins to cross-over 180WMA, should see another dip right where it crosses over, with another continuation; which, is exactly where $BIDU is currently @.
BIDU Detected possible stock repurchase!!!BIDU: baidu inc
2018-06-27 05:00:05
Detected possible stock repurchase
BIDU - Short / Double top / Bearish RSIOrange is MAJOR levels to watch. Still a very strong stock... but could have a pullback here. Target = greenbox. Stop over $286 / tight.
A Look Back at Buy SuggestionsJust wanted to look back on some names I've suggested and see how they're performing.
The yellow line marks the day I posted a buy suggestion.
For reference, I used the closing price of the day I posted to buy (closing price on the yellow line) and then the most recent closing price (Friday, 8 June 2018) to calculate performance.
Unable to close above 265.36 Shooting Star DOJI on the DailyIf tmrw close lower than Body of a Todays Candle could see 240 Again
BIDU Looking for 296 handle. Setup:
It was noted that BIDU stock heading to 296 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
3. Gap analysis
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 243.89
SL: 225.51
TP: 267.41
Trade 1:
Entry: 243.89
SL: 225.51
TP: 296.84
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2%
Total Reward:
4.2 %
Good Luck :-)
BIDU Daily - Long IdeaLonger term approach. Looks ready for next leg up. Very likely above 305 by end of this year.
