BIDU trade ideas
$BIDU retesting neckline heading for 50% dropBaidu has been sitting out most of the rally since christmas and is currently retesting the lower of the two necklines. BIDU features a nice multiyear head and shoulders that has triggered and a double top that was triggered, and whose neckline is currently being retested. Both formation target the 80-90 area. Prime short candidate of so inclined
$BIDU's 4th "W" pattern might fail again!1. Since May 2018 till now, BIDU has experienced 4 "W" pattern, but the former 3 all FAILED!
2. yesterday, its 4th W pattern's right wing almost touched the resistance line again!
3. more importantly, yesterday's candlestick is a Doji Star, which reprecents a incoming reverse!
4. Also, it stands on another resistance line since 29 Oct., strong pressure is ahead.
So, SHORT!
Now that, the target?
1. According to the former 3 W pattern, the bottom of the former W pattern always stands between the 0.5-0.618 area in Fib retracement whose top is the right-wing of W and the bottom is the retracement target.
2. So, this time, the target would be set between 143.52 - 138.05.
3. the lost-win Ratio is between 3.39-4.11
BIDU trend change $BIDU
Above Daily 50 MA
Uptrend channel
Bullish RSI divergence
RSI Inverse head and shoulders
Baidu.Inc looks like buy hereBaidu, Inc. provides Internet search services in China and internationally. Value based on a discount cash flow calculation is roundabout $255.
BIDU Análisis Baidú se encuentra construyendo una zona de demanda bastante importante. Muy buena opción en LONG para los próximos meses.
BIDU - Trade set up If we break this tail I don't see support till the 100MA on the Monthly chart. Could be a fast trade or a swing trade.
BIDU - Wedge Reversal Wedge reversal pattern in the process of completing this week. Look for it to hit the support line and breakout.
BIDU - next trade on this money makerOk we have been crushing this stock.. Lets keep it going!! If we break this candle it's going to the next support, 200MA on the monthly chart. I'm kinda hoping it makes a nice decision candle and then breaks.
BIDU - one more time?? Looks to be setting up for another trade here. I like exit 1 for sure, but can't count out that exit 2 if it really breaks down. If it never breaks that would be a strong bounce.
BAIDU is in consolidation?Baidu is in trading pattern 208-232+? According to ichimoku indicator that it is in consolidation state.
