BIDU trade ideas
BIDU Detected possible stock repurchase!!!BIDU: baidu inc
2018-06-27 05:00:05
Detected possible stock repurchase
BIDU - Short / Double top / Bearish RSIOrange is MAJOR levels to watch. Still a very strong stock... but could have a pullback here. Target = greenbox. Stop over $286 / tight.
A Look Back at Buy SuggestionsJust wanted to look back on some names I've suggested and see how they're performing.
The yellow line marks the day I posted a buy suggestion.
For reference, I used the closing price of the day I posted to buy (closing price on the yellow line) and then the most recent closing price (Friday, 8 June 2018) to calculate performance.
Unable to close above 265.36 Shooting Star DOJI on the DailyIf tmrw close lower than Body of a Todays Candle could see 240 Again
BIDU Looking for 296 handle. Setup:
It was noted that BIDU stock heading to 296 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
3. Gap analysis
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 243.89
SL: 225.51
TP: 267.41
Trade 1:
Entry: 243.89
SL: 225.51
TP: 296.84
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2%
Total Reward:
4.2 %
Good Luck :-)
BIDU Daily - Long IdeaLonger term approach. Looks ready for next leg up. Very likely above 305 by end of this year.
Buying BIDU... Right here, Right now.Shares of BIDU came under pressure because of management changes, but the selloff seems grossly overdone.
Shares are currently sitting on a massive support zone... the 50, 100, and 200 day moving averages are bundled up between $242.39-245.42. Right below those averages is the 61.8% retracement of the previous major swing, further strengthening the support. Additionally, rising trend line support is holding. Should shares decline, there's additional support at $228-230, which is the bottom of a rising channel that's reinforced with the 78.6% retracement of the aforementioned swing.
I'm a buyer right here, right now, and I'll look to add on additional weakness.
BIDU short E=245.90, T1=224, T2=210BIDU broke wkly support level at 246. It should retest the level then drop to next support level. Short E=245.90, T1=224, T2=210. Long E=207. 74.
$BIDU Overbought at ATH$BIDU nearing upper limits of long term bullish channel. Finding resistance around $275 prev ATH level. Not expecting much more upside in medium term.
Unclear DirectionVery likely to hit 300 - also very likely to hit 240 to close the gap after the summer
Money flow is relatively high at the moment
MACD crossover bullish too
All indicators for 300 but seems risky, taking partial profits is recommended after a 30% increase from bottom
#Baidu Gap Fill$BIDU looking bullish in the after hours earnings price action. What we have here is an aggressive gap up + gap fill around the $250 price level. There is a good chance that this will continue to run tomorrow. #bullish #AI
