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lauralea
Jan 20, 2023 5:32 PM

Cup and Handle 

NASDAQ:BIDU1D
Baidu, Inc.NASDAQ

Description

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This is not to EL yet.

Price should clear the left side of the cup to break up from this pattern.

Possible stop under the handle low or where you see support.

Targets are calculated using the depth of the cup (83.19)

No recommendation/Earning 2-21 BMO/neutral unless cup is broken

Comment

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The man who sold the world )o:

Comment

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1-27
Small ascending triangle/at R

Comment

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2-1
Hitting R

Comment

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2-7
Has broken up from cup/gap under price
Chart Patterns
Comments
Mnk10
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are you saying baidu can hit 222?
lauralea
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@andreskim10, 208.20 is the 1st target. Sometimes T! is as much as one gets. 2022.20 is T2 if T1 is passed.
It seems China stocks fill their gaps as a rule and BIDU left a gap yesterday. Good luck
Rockqet
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Hello there I agree with bullish bias. We might have the same profit point as your cup and handle pattern. I am looking to buy and potentially take profit at 155.40 , where the previous swing high is. Please check out my idea here:
lauralea
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@desmondlzw, Looks good. I think eventually this will break the major resistance. Good luck
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