BAIDU INC gap fill trade $biduPossible gap fill trade opportunity with entry level @$ 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 Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor, or Baidu IME and Overseas Products. It operates through Baidu Core and iQIYI segments. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment focuses in the membership and online advertising services. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.
BIDUN trade ideas
Strong-Buy for Baidu– 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 21 Dec 2019 trade ideaBaidu 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 major resistance of 130, our next resistance to look out for is 150 area.
BIDU Gap FillBIDU 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.
$BIDU Bullish on the stock but need to fill GapsPrevious trade has worked well and target hit, caution is now the stance we take, the post earnings gap needs to be filled before any major advance can take place.
Gap fill targets for the short side trade $104.64 & $109.19.
Long side trade to previous resistance but less likely as MA's are now resistance and indicators turning negative.
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 Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor, or Baidu IME and Overseas Products. It operates through Baidu Core and iQIYI segments. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment focuses in the membership and online advertising services. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.
BIDU entry $105; hold for return to $200China stock Baidu is way down for the year and dipping this week on trade war news, but the company's earnings outlook has recently improved, with strong positive surprises on the last two quarterly reports. Based on analysts' revisions of the forecasts, I think this stock could see $200 per share again within the next two years. I should note, however, that December tends to be a bad month for Baidu, so rather than buy at the current price of $113, I suggest waiting to buy at the volume node at $105. (The average analyst price target is about $143.)
$BIDU Upside targets for BaiduIf you missed the post earnings rally, today may be a good opportunity to join the fun.
It seems that the stock has found support and is ready to head higher once again.
All targets are given on the chart and we remain bullish on the stock while the market remains calm.
$BIDU 20% upside potential in BaiduAfter yesterdays massive move it is well worth identifying they potential targets and stumbling blocks in the way.
On the chart I have highlighted the ultimate upside target to fill the large gap and the (blue lines) outline where we believe that the move will stall and rally from.
It is highly unlikely that the move will not be without considerable pullbacks so it is possibly wise to ladder into any position and then turn extra bullish above $134.
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 Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor, or Baidu IME and Overseas Products. It operates through Baidu Core and iQIYI segments. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment focuses in the membership and online advertising services. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China