BIDU trade ideas
BIDU Hints at Joining EV Market, Why not Cash In with a Headline
Revised resistance levels for BIDU.
The EV story line will probably carry this higher, rightly or wrongly, but when you
consider Nio has a M/c $20bil large than Bidu it would be justified .
Up 17% from the breakout and the RSI is extended so trade with care and reasonable expectations.
Upside targets $185- $200
Cup and Handle Ascending TriangleLooks like BIDU has broken from A triangle and the cup and handle pattern..
Bidu broke neckline of an inverse H&S pattern earlier/see previous chart on BIDU..
Support can be found at handle low (HL) or mid cup which is 114.55..
There should also be support at top trendline of ascending triangle..
Possible rising wedge forming due to lack of touches on trendline..ie.. ? marks..
Buy red sell green
Happy holidays!
$BIDU with a slight bearish outlook following earning The PEAD projected a slight berish outlook following $BIDU earning release with a negative under reaction placing the stock in Drift D
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BIDU - 4hour chartBIDU was close to breaking out , but short Friday and low holiday volume held it back. I got in a swing for Monday, I have a feeling it will break PM(premarket).
LONG: break of 140.85
TG1-142.5
TG2-144
TG3-145
TG4-146.44(Strong Resistance)
IF it break that with volume you could see it head to the 156--> than 162. (I will not hold that long unless its a clean movement with volume)
SL is 20-30% or around 136.5 . Use risk management and proper position size.
If it breaks to the support...
Break of 133
TG1-130.52
TG3- 124.92(Strong Support)
TG3- 114.59
Buy Signal: 133.55Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information like stops and trade management feel free to contact me in the comment section or via private chat
BIDU - the beast is soon to awakenBidu has strong fundamentals and is working on several breakthrough technologies like autonomous driving. If my count is right we are done with the 1st minor wave of the 3 major wave, and now are headed for a small correction towards 108 region. This area could present a good risk/reward opportunity to be in for a ride until 200 or possibly to ATH at 280ish. Another great opportunity with a healthy risk/reward could be the break of the resistance at 148ish.
