BIDU shortShort below horizontal support break around 229. Already below 200D. Bearish target is around 205 (Feb low).
BIDU trade ideas
Baidu Repricing If It Breaks 270 ResistanceShould the market develop positively and the next numbers are good 4/27 (approx.) then we could see a repricing event. Considering that EPS could be double YoY this stock should be trading closer to 350 and command a higher P/E as well as forward P/E
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BIDU Goldencross 50/128 DMAGapped up after ER. 50/128 D Moving Averages about to cross upward. Watch for the price as it dips into the goldencross. If confirmed, entry target near $242-244. Upside targets $258-264 (adjust stops accordingly) Stop loss @ 237 (previous support). 5-10 day horizon
Bidu--Bearish BiasIt took a nice hair cut last quarter and economic events in china not so rosie this quarter.
BIDU- Bearish BiasI believe based on charts more likely to gap lower. They had a horrible earnings reaction last quarter while most of the companies reporting did exceptionally well.
BIDU - Stochastic Divergence on Channel LineBIDU is set up again. Traded it last month for a profit and now it is set up again.
Buy: 237.17
Target: 244.40 - 256.07 (3.05% - 7.97%)
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@jbzstocks
BIDU - Channel line bounceStochastic divergence on channel line support.
Buy: 240.75
Target: 250.49 - 256.27 (4.05% - 6.45%)
Stop: 237.56 (-1.33%)
Red to Green move / Possible GAP Fill / Above avg vol Red to Green move / Possible GAP Fill / Above avg vol
BIDU -- not yet overbought (using TSI)BIDU , despite its recent gains, is still looking strong on the TSI (Trend Shift Indicator).
