Baidu is up 7.5% today, but today's analyst upgrade of its earnings forecast was more on the order of 50%, so there's lots of upside left in this stock. Baidu does have one source of drag: Chinese regulators are cracking down on tech monopolies and technology theft in accordance with the trade deal with the United States. Baidu is likely to be affected, though...
Entry level $145.50 = Target price $152.00 = Stop loss $143.00
Quick trade for today as we will possibly see a pullback from the gap fill area, and if not let it rip/
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Have liked this stock since my first BIDU post some 35+ handles ago. I think the structure from that point has been nothing but positive and I think BIDU is likely to continue to perform well, but as always nothing is certain. Manage your own risk.
After collapsing through the trend line back in May, baidu has rallied back to re-test it.
Also in this zone is the 50% fib retrace off april->august drop & also the median line in pitchfork
The technicals on this chart look great and with Baidu trading at 19 x forward earnings with a market cap of a mere $49 billion... for the "Google of China," at a 27% discount to it's 52 week high, this is a very low-risk, high-reward place to buy.
on this 1 year chart a trend reversal pattern is spotted. However based on this heikin ashi it is clear that a short term downtrend is expected. One can buy put or short sell and TP at the level indicated in the chart. The red candle pierced down through the 9 sma.
Possible gap fill trade opportunity with entry level @$ 135.00 and gap fill target @ $151
Company profile
Baidu, Inc. is a Chinese language internet search company, which engages in the provision of internet search solutions and online marketing solutions. The company's products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post...
– ADX super-bullish
– MACD bullish
– RSI perfect
Baidu set to extend its run with a tilted reversed head-n-shoulders (completed). Quick wick to 124.50 (weekly low) before the run possible. Risk-free strong-buy if a 'weekly' candle closes above 129.16. New target 158 with highs of 161. Sell risk-free at 145, or wait for high by mid to end of January. Enjoy.
Baidu has bottomed out in August with the low of 95.66. Accumulation footprints can be seen for the last 4 months. Big hands are accumulating between 100 and 120. As long as 100 is not broken, we should see this stock head higher.
8 Nov gap up was tested twice successfully, this give us more hints about the bullish sentiments. If price is able to close above the...
BIDU is forming a descending triangular flag pattern. Its also running into a gap that was previously created in price below the $114 support level. This gap goes all the way down to the $110-111 range, where it will meet 50 moving average and further support. Looking for a potential 4% move.
