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KevinJamesHughes

$BIDU - sitting a major multi-YEAR support: Is it time to buy?

Long
Baidu, Inc. (NASDAQ:BIDU)  
KevinJamesHughes  
NASDAQ:BIDU   Baidu, Inc.
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator

BIDU is sitting at multi-YEAR support. Interestingly, $14 million dollars worth of April 19th, 2024 ITM put selling across strikes from $103 to $110 was detected on BlackBoxStocks today suggesting parties. In addition, roughly $80,0000 worth of 4/19/2024 $96 calls was detected. A bounce into declining moving averages is a play. In addition, on the daily chart,
BIDU is sitting at support of a descending triangle (green descending trendline).
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