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FluxTrades
Jun 28, 2021 2:52 AM

$BIDU - Long Trade Opportunity Above 205 Long

Baidu, Inc.NASDAQ

Description

BIDU has a really clean setup this week! We're sitting right at the 203/205 resistance, meaning long trades are valid at any point above it. We will likely make a quick trip up to 223, then 228 if it starts running. Above that it's clear skis up to 264, though it's unlikely we reach that far. The only reason I even included that is because ROKU blew me out to the upside last week, and I don't want to get pantsed again. I know many traders are eyeing this trade and the open interest on it is huge, so there may be some fun gamma action and MM trickery with this one. Regardless, insanely clean technical setup. I'm personally going long above 205
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