In a strategic maneuver to overcome the challenges posed by the Chinese government's stringent restrictions on Google services, Samsung Electronics Co. has chosen to collaborate with Baidu Inc., ( NASDAQ:BIDU ) integrating the renowned Ernie Bot into its upcoming Galaxy S24 smartphone series for the Chinese market. This groundbreaking partnership marks a pivotal...
BIDU stock rose early Tuesday, after Chinese internet giant Baidu (BIDU) reported earnings and sales ahead of expectations for its third quarter.
For the three months ending Sept. 30, Baidu said it earned an adjusted $2.80 per share, ahead of analysts expectations of $2.39 per share, according to FactSet. Meanwhile, sales climbed 6% year over year to RMB 34.4...
My eyes are glued to Baidu stock, ticker BIDU, as it is forming a perfect trade/invest opportunity for me. Pattern I love the most, Inverse Head and Shoulders on the Weekly time frame.
Things to consider:
1. My first entry point would be right above the 200MA on the Weekly time frame, though the pattern would not be finished on that price level sitting at...
If you haven`t sold BIDU here:
Then you should know that looking at the BIDU Baidu options chain ahead of earnings , i would buy the $105 strike price Calls with
2022-12-16 expiration date for about
$4.75 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Baidu
Short Term
We look to Buy a break of 157.74 (stop at 147.55)
Further upside is expected and we look to set longs in early trade. A break of yesterdays high would confirm bullish momentum. Bespoke resistance is located at 155.00. The trend of higher lows is located at 147.00.
Our profit targets will be 181.51 and 199.50
Resistance: 155.00 / 182.00...
Baidu - Short Term - We look to Sell at 179.26 (stop at 190.59)
We look to sell rallies. Trading within a Bearish Channel formation. Bespoke resistance is located at 180.00. We look for a temporary move higher. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 180.00, resulting in improved risk/reward.
Our...
Baidu has violated the upward channel downwardly with a reversal pattern that shows to what extent the sellers are in control.
The stock may target 145.55 - 136.40 support levels consecutively.
SNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
There's a lot that can be said about Baidu and its prospects going forward as well as its current valuation. Needless to say, the data that has come out as well as the analyst's ratings reports show that the prospective growth in earnings is comfortably towards the upside, supported by solid fundamentals. The signals on the weekly chart also look very promising....
