HUGE TRIANGLEWe have a triangle pattern in development on weekly time frame and we might have breakoout soon. I expect a continuation move to downside with target at round number 100. Shortby pablo82Updated 10
False H&S breakdown on hourlyBack above DTL and looks to retest Major DTL over 182by JXMFinancialPublished 2
Showing follow through today but failed at the 200 day. Out of DTL for. >173 for next leg higherby JXMFinancialPublished 6
long BIDU strong support@160 sell 160/150put spread it wiil up cross 50ma soon ..Longby chenrui3257Updated 6
BIDU little swing and long-term gain.BIDU have gone through the same 3.5 year pattern twice. Each iteration started with continuous growth. Currently there is a consolidating triangle pattern, getting closer to an ultimate breakout. It is highly unlikely for the breakout to go against the upward trend due to the fact that Baidu seems rather undervalued at the moment. P/E is just 12.4 against similar companies 30-50.Longby trader123qwarkPublished 2
BIDU's big wedgeBidu is coming into wedge support around here. Lets see how it does from here.by jamespwuPublished 1
BIDU:A Good Oppotunity to BuyThe upper edge of triangle has been broken through and the market has pulled back the breached down trendline. Meanwhile the market is retesting the 0.618 fibo retracement. So it is a good opportunity to buy long at 167-172 levels. SL:below 155 TP1:200 TP2:215 TP3:ultimate target 250Longby AdamHongUpdated 332
BAIDU Watch The Break Out Expecting a bullish move to the red line after the breakout . However, the price should be going "flat" to observe the supply that I highlighted on the price range box(the bearish bar) before continue to the next upper move.Longby PredictindexUpdated 5
BIDU - BAIDU "BINGO"- Trade...From what I have observed, I can see the same happen again. ...but - I'm also aware the the exact opposite could De- Bingo it. As for now, I wait for a close above the dashed blue A/R line. But yes, I am very bullish on BIDU. P!Longby Tr8dingN3rdUpdated 6
(4h) Bearish Baidu Shark @Overbought RSI TerritoryNASDAQ:BIDU Safe Trades; open.spotify.comShortby Andre_CardosoUpdated 13
BIDU at Base of WedgeBIDU has been in a wedge pattern and is now at the lower end of the wedge. With earnings due on July 28, I believe this provides a catalyst for the stock to move back up to the higher end of the wedge or at least the 200 DMA at about $176 (up 9.47%). BIDU has beaten over the last three quarters with a positive stock reaction each time. I expect this to continue amidst overblown concerns of Chinese regulators. Longby Mimo2Published 1
Contrast Weekly vs Daily Timeframe OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the options contracts relative to the strike price before purchase - 220 and 125 or 200 and 140 strike price might be ideal. Also don't wait to long to purchases options contract, because as directional price movement becomes more apparent and as Implied Volatility creeps up the more expensive the options become. by TraderMDPublished 1
Descending DragonHVF pattern seems to be developing. Consolidation has developed in the neck of the funnel (aka Channel). Thus far the Smart money seem to have pulled out already indicated by the OBV, and RSI hit overbought levels. Entry @167 for the short, or you could wait at the breakout of the orange funnel. Intraday BIDU as shown impulsive up spike but still has not broken channel resistances or support. OBV also appears to have bottom out so this could be a good setup for a Long position if price action breaks the channel to the upside and OBV begins to reach upward. Shortby TraderMDPublished 1