BBBAIDU INC CEDEAR EACH REPR 1 ADR USD0.00
7.89USDD
−0.15−1.87%
At close at Jul 11, 19:31 GMT
USD
No trades
BIDUD trade ideas
BAIDU D1The Baidu search engine is one of the largest and most popular search engines in the world. In China, it ranks first in terms of its demand. The IT sector was in great demand last year. Quarantine restrictions and lockdowns have been introduced around the world that have forced people to actively use the Internet. After the collapse of the markets at the beginning of the epidemic, the market managed to recover and even reached a new historical maximum. Now the company's shares have made a deep correction and are at a fairly strong support loss. To date, a new wave of the epidemic has begun. And the situation for the shares of companies that are engaged in computer technology may repeat itself.
BUY Baidu at 208$ to 240$ TPAfter tremendous drop from 300$ to 175$(the reason we know) it's now trying to rebound from levels 208-210$ what I think about it:
First move to 223 $ is over, it will takes some days to go at 208 $ -210 $ level again, after that it will create a support level at 205 $ and resistence at 225 $ until the moment price cross this levels try to work in deep of chanel or just keep and gather position at level 210 $ +.
Long term target price 350 $, price will stop and consolidate sometime at such levels - 230$, 263$, 300$, 330$, 362$.
Be Realistic ! there are always alternative scenariosit is vital for all traders to control their emotions. getting excited is natural for everyone but if you want to be a successful trader you have to learn how to control your feeling. we trade based on the facts not feelings!.
there are always alternative scenarios and a wise trader should be prepared in advance. being aware of alternatives can help you to control your feelings and manage your trade well. one tool to manage the trade is using Multi Unit Trade Strategy which will be discussed in another separate post. Here I want to introduce some alternatives for market path when a trader enters to a trade after an ABC correction .
First I should emphasize that I used BIDU chart just as an example and I do not claim that BIDU will follow what has been shown on the chart.
Alternatives after a possible ABC corrections are:
1- starting a new impulse wave and making a new major high : traders hope for this scenario and enter into the trade for making noticeable profit but does it always happen?
2- what we consider a wave C is not actually what we considered and it was in fact wave 3 of a descending impulse wave. experienced traders have faced this scenario many times. I showed this possible scenario on the BIDU Chart.
3- Stock may make a flat correction. this alternative has been drawn on the chart and you can see it's internal structure. flat corrections can be very misleading. be cautious !.
4- Dobule or triple Three correction. this scenario may pose huge loses to unexperienced traders when they feel correction is over and they see market is going up but suddenly every thing will change. Also recognizing a new entry point is not so easy in this type of correction. an example of a Double Three Correction has been shown on the chart.
Good Luck Friends
Erykah "Baidu?"Mission:
You don’t need us to tell you that China’s Internet space is booming. With the world’s largest Internet user population and a long way to go to reach Internet penetration levels of developed countries, China’s Internet industry is growing in both scale and influence. And as more and more Chinese users come online, Baidu continues to innovate to meet their changing needs and diverse tastes. We aim to serve the needs of our users and customers with products and solutions that prioritize the user experience and reflect our corporate culture – simple and reliable.
Recent News:
1.BEIJING, March 17, 2021 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU) Baidu Announces Pricing of Global Offering. a leading AI company with strong Internet foundation, today announced the pricing of the global offering (the "Global Offering") of 95,000,000 new Class A ordinary shares (the "Offer Shares"), which comprises an international offering (the "International Offering") and a Hong Kong public offering (the "Hong Kong Public Offering"). The final offer price for both the International Offering and the Hong Kong Public Offering (the "Offer Price") has been set at HK$252.00 per Offer Share.The Company plans to use the net proceeds from the Offering for the following purposes: continuing to invest in technology and enhance commercialization of the Company's innovations centered around AI; further growing Baidu Mobile Ecosystem and enhancing and diversifying monetization; and working capital and general corporate purposes to support the Company's business operation and growth.
2. BEIJING, Jan. 10, 2021 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading Internet platform and AI company, today announced its plan to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group ("Geely"). Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely, which holds the distinction of best-selling Chinese automobile brand in past years under the Volvo and Geely brands, will contribute its expertise in automobile design and manufacturing.
3. BEIJING, Dec. 8, 2020 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information-centered Internet platform and AI company, today announced that its board of directors has authorized a change to the Company's 2020 Share Repurchase Program, increasing the aggregate value of shares that may be repurchased from US$3 billion to US$4.5 billion. The 2020 Share Repurchase Program is effective through December 31, 2022.
*Not Financial Advice
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BIDU — Using RSI to dictate momentumVolume averages have increased throughout the last year indicating increased volatility, and in a low-vix environment with high inflation expectations subsequently an inflated market with inflated price-swings and volatility. PTs and resistances were created since last-year's trend started, showing clearly in-tact relative tops & bottoms from 2020 status quo with a double drive reversal showing its sign, persistent 2-wave behavior during this week (13) and ready for big reversal soon.
BIDU PT + Technical Observationssry i can't stop staring at these charts, but notice how crossover and divergence on 1hr RSI shows mega-wave top and bottom, and that we see a stochastics crossover today while futures absolutely rip and BIDU remains persistent in testing its respective waves. We truly are at the bottom.
Tips for Beginners Playing the Downside!Here is a quick tip on how beginners can translate what they know about playing the upside and utilize the inversion of the chart to make sense of playing the downside!
A lot of New Traders have a tough time playing the downside and this is a great way to start making sense of it!
