Baidu Inc.This chinese tech stock is in a very good place in the weekly cycle. It finished correcting, started to breakout and more recently retraced 50% giving me a chance to reenter. A 100% upmove is the least to be expected in the next year.
BIDU trade ideas
$BIDU - Long Trade Opportunity Above 205BIDU has a really clean setup this week! We're sitting right at the 203/205 resistance, meaning long trades are valid at any point above it. We will likely make a quick trip up to 223, then 228 if it starts running. Above that it's clear skis up to 264, though it's unlikely we reach that far. The only reason I even included that is because ROKU blew me out to the upside last week, and I don't want to get pantsed again. I know many traders are eyeing this trade and the open interest on it is huge, so there may be some fun gamma action and MM trickery with this one. Regardless, insanely clean technical setup. I'm personally going long above 205
BIDU bottoming; long term holdBIDU looks like it’s bottoming. This is a potential long term investment entry. Daily 200MA is a potential support. Scale in and never go all in on a single entry. Buy the dips to fully position yourself.
BIDU: ICHIMOKU LONG SWING TRADEBIDU :
Baidu is back above the long term trend line that was supporting the price for a long time.
The last candle has also reintegrated the cloud and the lagging span broke the kinjun and tenkan.
All the above indicate a potential bullish trend reversal .
I'm now switching from bearish to neutral/bullish.
Good enough for me to initiate a long swing trade .
All targets and resistances are on the chart.
Note that BABA has a very similar chart.
Trade safe.
6/28 BIDUBIDU weekly chart
(1) resistance: 205, 225, 253
(2) support: purple and yellow zone
(3) need a few consolidation, but bullish in mid-term; check MA and you will find it out
Good rebound Good to long.27-June 2021
Eyeing to 50% Fibo @ around $220.
Those circle in yellow is where by good price to accumulate
BIDU Coming out of Great support zone OFF to $220+50 monthly SMA acted a great support zone for buyer to step in and now took off.
Target-1 $222
Target-2 $270
BAIDU - Time for correction.Targets
- Zone between 0.618 and 0.5 fibonacci
- Support under the zone before.
Thank you!
Baidu Inc Another Chinese tech stock. If it can clear and hold $191.40 then we may see push out of this tight consolidation.
Negative below 184.00
BIDUReally like how this is setting up. Should be a strong move either way it goes. Leaning bullish as long as $180 holds.
6/15 BIDUit's a weekly chart for BIDU
and I think the purple zone shall be good to entry
current MAs are flat which is not a bad thing
Will BIDU reverse Up?Am i seeing this correctly?
Some sort of reverse wedge on BIDU. Togtehr with strong RIS divergence is telling me to BUY bidu and take it LONG to the 61% FIB level.
$BIDU Descending wedge breakout ST/LT MA convergence$BIDU Unusual options activity. Descending wedge breakout approaching short-term and long-term convergence. Will be watching for a move to $220. Lot's of potential.
$BIDU Good Bottom Buy? 6/1-2Video Breakdown on $BIDU
Looking good potentially to the upside past 208-10
