A correction is still in progress. Should resolve after the earnings.
BIDU has been setting up an inverse head & shoulders on the monthly chart for the past 18 months. If this can clear 157-160 resistance area , the IHS will fire and this will trigger a long into 186.22, 218.41, 250.60. Then there is a prior large sell block at 273 which must be taken out for a run to 350+. This setup is ONLY valid on a break of 157-160 area ....
Baidu stock rose on Tuesday after the company reported revenue that was 15% higher than a year ago. Baidu jumped 4% to $131 but failed to reach previous resistance at $132.22, sending the price back below $129. Before the U.S. stock market opens, Baidu stock trades around the $128 level. On Tuesday, the Chinese search engine and AI company beat second-quarter...
#bidu earning coming tomorrow before market. #bidu exetremly oversold on 4h and daily chart but i still expect Bidu will retest at 121-122$. IF #bidu can hold above 121-122$, expect bounce back to 128-130$ IF #bidu dro
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 129.4/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from...
If you haven`t sold BIDU here: or reentered on this dip: Then analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week, I would consider purchasing the 115usd strike price Puts with an expiration date of 2024-3-15, for a premium of approximately $10.30. If these options prove to be profitable prior to the earnings...
BIDU has printed two straight red candles, the last of which a bearish engulfing. Looks intimidating. So no full-size positions here, yet. But we have ATLS off the May 25 SL and broken DTLR off the Jun 20 SH. That $143 area is a great position for stops but I need to see BIDU try to repeat the 7/19 open but actually hold the gains before I consider any position....
ABOUT NASDAQ:BIDU Baidu is a Chinese multinational technology company specializing in internet-related services and artificial intelligence. It was founded in January 2000 by Robin Li and Eric Xu and is headquartered in Beijing, China. Baidu is often referred to as "China's Google" because, like Google, it started as a search engine. However, it has since...
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...
NASDAQ:BIDU at weekly resistance. Pullback much needed to grab the liquidity at the 200 dma and propel it forward
Morgan Stanley likes Baidu's long-term potential as the industry pioneer in AI initiatives and autonomous driving.
In Favour: 1. DOW in play 2. Reversal achieved Against: 1. Economic Indicators (Unforeseen)
Baidu (9888) is currently consolidating between HKD123 and HKD112.80. A daily close above HKD123 could be a catalyst for a quick retest of HKD129.10 resistance or even HKD139. However, a daily close below the HKD112.80, which is also the April-May 2023 lows, could trigger further selling pressure and a potential retest of HKD101.60 support.
NASDAQ:BIDU has broken with good volume and started the next leg of rally. SL closing below 20 DMA.
BIDU has been moving in an Ascending Channel since November 2022, providing a bullish sentiment. It has tested the lower bound of this channel, near the 0.5 Fibonacci level, and seems to be holding it as support. The 50-day moving average crossing over the 200-day moving average back in February strengthens this bullish bias. However, the price is currently below...
Baidu, Inc. shares (symbol ‘BIDU’) lost all of the profits made in the first quarter of the year and is currently trading almost exactly at the level of early January. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Tuesday 16th of May, before market open. The consensus EPS is $1,57 compared to the result for the same...
Inverted H&S experiencing the right shoulder, this is a common formation structure and a good one for the bulls Experiencing the right shoulder up move currently. In a larger overall down channel but we wont talk about that now.
BUY ONLY above 164 target 182, .... 204 stoploss 156 bad in charting but thats what chart speaking.