BIDUN trade ideas
BIDU is going much higher stock split is coming pump timeOTM BIDU calls have been printing every single week on the EV hype. You might be afraid to buy in after a monster run out of its long bear trend. Don't be afraid because it is going much higher. A birdie told me that a stock split will be announced very soon. Don't sell calls options or you will lose your shares. Buy in heavy and let it run to $380. The split is intended to keep the price low and attractive as it gets ready for secondary exchange listing in HK.
Baidu, how I DO love you. $BIDU showing upward trend movement on DAILY chart.
- Ultimate Stock Indicator has a buy in the $140's
- has been paying since.
- another BUY signal flashes with only 6 confirmations.
- EV play
- China thawing with Biden on board.
- earnings runup should be beautiful.
$BIDU is a classic stock where when it says BUY, you buy. If it says SELL, you sell.
No need to watch the screen all day.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
BIDU NeutralWeekly resistance at 270
RSI divergence
EMA20 Bollinger Band Upper band
There might be a consolidation
between 210 and 110.
Sell Iron Condor -- limit 6.3 (Credit)
SellToOpen Mar Call Spread C260/270
SellToOpen Mar Put Spread C200/210
Get Theta 2.04 per day
$10 range,
max profit 6.3,
max risk 3.7,
Reward:risk= 1.7:1
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Gap to fill on BIDUBIDU has seen parabolic gains these past couple months and is looking for a retrace. There is a gap at 214 dollars which coincides with the .236 fib level. Volume has peaked and is in a downtrend which is also bearish. Expecting the gap to be filled at around 214 dollars within a couple weeks.
#Bidu $Bidu Now a double inside daily candleBidu showing real consolidation here, expecting a big move on the breakout of this double inside daily candle. Now that its a double inside, the target is twice the length of the last candle($26) from the breakout. Hoping this breaks to the upside, but would probably play the breakout in either direction. Just a hunch a break to the downside has higher failure potential. Not financial advice.
#Bidu $Bidu Inside Daily breakout?Bidu has been very strong lately, and a breakout to the upside of this inside daily candle gives a nice target. I will buy at the break of the inside daily and get out if it comes back into the range of yesterdays candle. Not financial advice, take your money, and drop then kick it.