BAIDF trade ideas
4/8ema Bull CrossThis indicator shows gives Buy/Sell alert when there is a Bull and Bear Cross
Bull Cross = 4ema cross over 8ema
Bear Cross = 4ema cross below 8ema
Bearish Harmonic Bat PatternCouple the obvious with a converging MACD and divergent RSI (i.e. lower since late April as the stock has pushed higher) and it looks like BIDU heads lower... xdaystogo.com
Weely chartLooks good. Going to watch how it reacts with those green RSI lines. Still trying to test that strategy out. Thanks to Eric Muathe for all he has taught me.
If anyone has any recommendations please reach out to me. Open communication only makes us smarter :)
$BIDU ShortBIDU pulled back from channel upper resistance at $193. Looking for a move back sub-$190 in short term.
$BIDU on the monthlyLooks to be the start of a breakout. This is just something for me to learn from and gain experience. Please comment any ideas that you might have on my charting. Was unsure on the trend lines. Second guessing their placement with concerns on the start of line; should it be at the close or at the intraday highs????. Note that this chart has the log scale enabled.
RSI breaking 50. Would like to see uniformity in the MACD, meaning it touches zero and goes right back up with symmetry .
Help me learn people! :)
Let me know if you agree with the strategy/charting
$BIDU
BIdu big Wedge PatternBidu could be setting up for a big move soon. After earnings announcement, the stock rebounded from the 50 day mva and now on its way higher. If this is a real wedge break, the move could be pretty big.
BIDU Headwind Short at Memory ResistanceThere are multiple Bearish signals on BIDU today (17th May) just before Market Close.
In Weekly CUE Backdrop Chart, Price bouncing down from Weekly Memory and also creating a False Upside Breakout at Watermark High Level. Candle Shape is Bearish with Upper Tail.
In Daily CUE Hop On Chart, the price is bouncing down from Daily Memory. It created False Upside Breakout at Daily Watermark Level. Candle Shape is Bearish. Bearish Headwind (red diamond) has appeared.
The price was at Pendulum Low yesterday! This may be an opportunity to Short BIDU at the top.
Options may be used to increase profit and limit risk.
forums.superiorprofit.co
www.screencast.com
the valuation is not very highthe valuation is not very high, compared with other Chinese internet brothers. Wonder whether they can make something after their big leadership change... then it may cheap and have lots of growth opportunities, as it is a big brand and have already hired lots of talents in China.
Long BIDU by selling Put Spread 170/165BIDU has been pulled back from 188$. I expect it would start to bounce back from the trend line. Setup the position by selling a put spread.
Position:
Short June 170
Buy June 165
Premium: 1.05$
Target: 50% of the premium.
Breakeven, 168.95$
PoP: 71.35%
Earnings trade on BIDUSold the 195/175 Strangle for $3.08. We are betting it won't move more than the $9.50 expected move.
$BIDU wants to break-outAvg buy was $166. Hit a high of $181.18 and has pulled back.
If we can penetrate $185. We have a party on our hands.
TBD
Bidu breaking out of the WedgeBidu is breaking out of a long-term wedge before earnings. The move after earnings could be big. The reason is that they have a deal with NFLX. It will be interesting to watch
shortnow any close D above 179.45 buy
s 177.00
t 185.70
but any close D under 179.45 sell
t 169.75
s 185.70
Wedge Pattern Forming in BIDUBaidu is forming a wedge pattern on its weekly chart, and with earnings coming out on April 27th, right now seems to be an inflection point in the change of the price of BIDU. If earnings come out great, beating expectations, one may see BIDU's stock surge out of its wedge resistance price of $187, during that point, I would put in a long position with a stop right below the new support line which was the previous wedge resistance.
However, if BIDU disappoints in earnings, BIDU might just as easily drop below it's wedge support level of $165. If that is the case, I would probably look to take a short position, with the stop loss being right above the 200 MA price of $175.
Whichever way it moves, I want to be on the right side of the trend. If I had to wager on which side it would be, I would choose the long side. BIDU is a tremendous company with an extremely wide moat. Considered by many to be the Google of China, BIDU has little if any competition with it. The financials look solid and the returns on assets, equity, and capital remain above 10%.
All the best,
RC
