BIDU setting up well for another leg up1) followed cup and handle and went up
2) followed falling wedge and went up
3) got the expected pullback and now shows oversold signal on 15m
4) get long if it holds support
89888 trade ideas
(EP #120) Kelvin Trade Ideas BIDU Bat Pattern 2020-06-23A bearish bat pattern is almost complete in the daily chart, it provides a potential reversal level from 134 to 132. In the larger timeframes, the market is in the downtrend, so this selling opportunity is a follow trend trade. I will wait for the market to reach 134. If any confirmation signals show up later, I will decide should I short the market.
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BAIDU OutlookAs shown in the diagram, I am looking to place some puts on 128 level, and some calls on 120 level. However, the big picture of Baidu is emerging. I am seeing an ABC corrective wave if Baidu breaks out from the resistance line, and I would place my TP at 180 level, or the .5 Fibo retracement. And of course, I would cash out a majority of Baidu shares on 159 level, or the .382 Fibo.
when BIDU makes historical movementstheres no much to say except the fact the stock imitated historical movements as perfect as i could wish for.
now it looks good gor long. there are some hards high level to cross especially 155 which is weekly retistance.
so far looks good.
not a recommendation to any stocks actions.
hope u enjoyed my idea.
be well, see ya guys
BIDU - A New Trend Has Started$BIDU - earnings made this stock break out. Don't miss the new uptrend. First resistance I have is near $135.00
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$BIDU: Trumps First Target to DeslistThe rally at the end of this Friday's close was systemic. It was the news that the U.S. president (after the markets were already in anticipation as he had tweeted there would be significant news). The press conference was not positive. The things that came out of it was both anticipated and expected, which is what the markets are operating on right now. They anticipated that the U.S. would begin to win back exceptions from Hong Kong as a semi-autonomous trading partner because of Chinas move to consolidate power under grounds of national security. There was also mention of delisting Chinese companies on the American stock exchanges, which would be huge for companies such as $BIDU.
$BIDU Bullish setup but possible pull back from 110-113 Bearish short-term setup pre-earning but indicators and trend lines showing more possibility to pullback after earning announcement to re-test previous lows . if earning so good and its jumped above 113 then it will turn extremely positive and new bull-wave will be started but if rejected from down trend line then possible to re-test march lows or even lower.
$BIDU BAIDU earnings trade
Bullish move above 50 day moving average on Friday and bounce of daily support level.
Possible long above $100 with $105-112 as upside targets.
Company profile
Baidu, Inc. engages in the provision of internet search and online marketing solutions. The firm's products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment provides online advertising services. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.
Wait for confirmation before entry long on BAIDUSupport :96.51
Resistance : 105.14
The market is ranging at the moment , we are observing the volumes because at the end of the day BAIDU is always dynamic.
If the candlestick formation is confirmed to be a pullback , thanks to the volumes, it will announce a coming increasing trend .
If the market strongly breaks the support line or the resistance line : The shape of the market will change. Follow the trend because they are possibility of seeing the market moving way from the actual range.
Beware:
BAIDU can open in the morning with a significant price change.
