BIDU trade ideas
My Favorite Stock for Today May 17 2019 (Daytrade)Good Morning, as we can see we have a catalyst on NASDAQ:BIDU , first time since it was listed to have losses, its at a nice pivot, below the MA's, and below the short sale restriction, i will wait 5-10 mins after the market opens and i will trade it to the short side (I am a short bias trader), i think we have 2-3 points of space to come down, if we can hold up this levels it can be a good trade.
Remember that this is for educational purposes only.
$BIDU Bears in full control, results won't matter to sentiment. Today's earnings from BABA were really good but after an initial pop it bleed into negative, BAIDU could very well act the same. The chart is ugly with a break from a bear flag on high volume and indicators all point south. There is a chance that the earnings could be great and the stock jumps, but we cant see it happen under a cloud of poor
sentiment.
BIDU weekly bear flag with 5,000 September $175 puts opening..BIDU weekly bear flag with 5,000 September $175 puts opening today and has the 13,000 Sep $165 puts in OI, continues to lag China names
BIDU - SHORT TERM BULLISH. LONG TERM BEARISHOutlook:
- Short term bullish, long term bearish due to a big bear flag on daily time frame.
- Target short term: 185-186 (hitting MA200 resistance)
- Stop loss: below 163
- Earnings report on May 16
BIDU Long - long term target 220 & short term 190Jumped up 13% from $167 to $185 share on April 9th, then dropped 9% to today April 15th. IS THIS headed upwards trajectory again towards $190?
60 billion Market Cap, PE around 14, this sure looks like a screaming buy with the population
of China. Worlds one third population will be using BIDU not Google.
How ingrained is this company in the modern Chinese way of life? Is it comparable, at all, to the way Amazon and Google were ingrained 20 years ago here in the U.S. and are ingrained today?
BIDU reversal - time to shortBidu reversal and moving down. Falling to next support on trendline around 166.
$BIDU *** ON SALE DOWN 50%***The Google of China may at long last be a safe buy, dependent on Mr Trump of course. We think there is a great opportunity in this stock which is trading at a PE multiple of 15. It is a innovator and somewhat of a cannibal
just like Google, monopolizing its sector. We see it as a strong buy into earnings given its diverse revenue streams.
Baidu is on the move and broke a key resistance levelBaidu is on the move and broke through a key resistance level. Best value Chinese tech stock at 15 PE ratio and still growing 20% yoy. Only retraced 21% back to the prior highs.
BIDU Quick move out of base comingBIDU I think it will pull out of it's base, and should start moving higher fast.
BIDU Bearish Wedge Formation Watching the uptrend support level for a solid break on volume. Stops in place as always.
BIDU Bear flag (consolidating) NASDAQ:BIDU
BIDU has formed a bear flag on the daily chart and drilling down into the hourly chart, we can see a clearer picture. Watching for a break of support on volume and a possible retest for confirmation for further downside.
Only 2% of the float are short (as of today) so short squeeze unlikely. Keep risk tight, any reclaim of support (if/when) it breaks would stop me out.
$BIDU Uptrend Breakdown - Bearish Options Activity$BIDU Broke down out of its recent uptrend yesterday after negative earnings reaction last week.
$24M traded today in March 15th 195.00/200.00 strike puts (deep ITM) for very high per contract premium
Near term target - sub-$150 by mid-March
Note: Informational analysis, not investment advice.
