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...
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.
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.
On the weekly timeframe, price is on an uptrend. However, price took liquidity at 156.77 and is unable to close above that level. Price recently created equal highs at 160.88 and broke market structure to the downside. At the same time, there are equal lows created at 125.77 which is near the bullish POI at 124.11. Since price is consolidating between 125.77 and...
One year Daily Chart
a simple comparison by dividing #BIDU / #BABA
The ratio has been kept mostly within 1.20 ~ 1.5+
Daily RSI starts to surpass 60, which potentially starts a bullish move
*** in this case, meaning Baidu will potentially starts to outperform Baba for quite sometime)
The ratio finally surpass 1.50+ again and has since mark a new High
RSI continues...
Online, some people said immediately after the event that Baidu wouldn’t have shied away from chatting with Ernie Bot live if it had mature capabilities.
“I get it, it’s not ready yet, just a pitch deck!!” wrote one viewer on the event’s English-language live stream on YouTube. “Two words: that’s it,” wrote another on the Chinese Twitter-like platform Weibo,...
Chinese Internet stock Baidu more than doubled between November and early February. Now some traders may be eying its current pullback.
The first pattern on today’s chart is the $131 area. It was a low on February 24 and again last week.
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA on February 8. That may suggest...
