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Baidu, Inc. Sponsored ADR Class ABaidu, Inc. Sponsored ADR Class ABaidu, Inc. Sponsored ADR Class A

Baidu, Inc. Sponsored ADR Class A

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BIDUN trade ideas

Buy the dipThere'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. Its a nice stock to own along side the likes of Alibaba which operate in the same space. Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader. Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
NASDAQ:BIDULong
by JesseMorgans
Falling wedge pattern formed with strong fundamentals for BIDUWith an earnings and revenue beat, Baidu is poised for a bearish upward trend once headwinds from delisting and clampdown from the Chinese government are decoupled from the company. Technical analysis shows Baidu trading are key Fibonacci levels and forming a falling wedge pattern. Price Target: Near term: 212.08, with a 60% confidence Mid-term: 260.87, with a 50% confidence Risks: Bear flag wrongly recognized as a bearish falling wedge (somewhat likely) Government clampdown (unknown) Delisting (least likely)
NASDAQ:BIDULong
by ethan_ng
Baidu - potentially one of the best 'value' stocks on the marketBaidu has been savaged 50% in just 58 sessions and as a CFD trader I would always recommend buying strength and selling weakness, we may be looking at an inflection point in the bear move. Consider George Soros just announced a sizeable $77m purchase of Baidu, buying the weakness in several the stocks that were sold down in the Archegos blow up. If it’s good enough for Soros…..! The consensus 12-month price target from analysts is $338.08, which given the current price suggests some 81% upside. Then, consider that of the 44 analysts who cover, 38 have a ‘buy’ recommendation, a function of the expected return. To the fundamental crowd Baidu is considered incredibly ‘cheap’ on 14.9x 2022 earnings, especially when we contrast to other large-cap internet peers, who trade largely around 30x 2022 earnings. The market clearly ascribes limited value to its equity holding of Trip.com, Baidu cloud, DuerOS, or the future of autonomous driving solution. Will the Q1 earnings (Tuesday 18 May) prove to be a catalyst that sees price move close to the fundamental value? We shall see, but as always, as CFD traders, we tend not to focus on long-term ‘value’ and cut our craft reacting to price action. It does play into risk vs reward assessment though, and we understand that if the bullish catalysts are there and the street are this constructive, if they hear something that resonates that it may start attracting serious capital from funds. Baidu also have an outstanding pedigree at quarterly results having beaten estimates both on earnings and revenue in seven of the past eight quarters. I would argue that the valuation cushion, and the recent artificial sell-down suggests the barrier to rally is low. As a short-term trade – if price can push above $190 in the near-term we may see a re-test of the $220 neckline of the head and shoulders. This would likely be driven by better earnings. Conversely, we need to respect the trend and a closing break of $176.90 would see a resumption of the bear trend, suggesting short positions for $140 – possibly $120. The head and shoulders target resides at $100.
NASDAQ:BIDULong
by chris.weston
1
BIDU - good level to dip our toes inBIDU has retraced a good 61.8% of it's run since the covid crash (AB swing). This is also where we have a previous horizontal resistence zone turned support, around 180-186 There was an attempt to break below this zone (went as low at 174 but rebounded to 208) on the week of 22nd March. Last week, it made another attempt to break below before closing above the zone at 191. Confluence of fib support, horizontal supports and bullish divergence between price and RSI is making this a compelling reason to stake. It is probably going to be a slow turnaround and for a conservative entry, I will be staking only if it starts going above the previous week's candle high (> 191) with initial stop loss below 180. Disclaimer: TA is about improving our odds of a successful trade, but there is no guarantee. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to le me have your comments! :)
NASDAQ:BIDULong
by Juliac
BIDU Buy After Double BottomChinese stocks have been beaten up tremendously I think its over done Good time to buy BIDU given the stock just bounced on support. Baidu provides internet search services primarily in China (Chinese Google). Last week Bidu launched China's first fully driverless robotaxi service. 25x P/E is relatively cheap for a self driving play like Bidu when you consider the only other true competitor Tesla trades over 1,000x P/E. The biggest threat to Baidu right now is a exodus of foreign investment into the Chinese market. I think the price already reflects that and the potential for upside far outweighs the downside as this stock is only up 15% in the past 5 years.
NASDAQ:BIDULong
by Value-Invest
$BIDU - Head and Shoulder - down side $171Head and Shoulder continuing to play out. Down side. $171. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:BIDU
by PaperBozz