BULLISH - Breakout soonThe ascending triangle is formed and approaching the pivot point $128.5 is a strong wall. it has been revisited several times and rejected since June. Once it breaks, tg1 $136 tg2 $145 towards earnings.
B1C trade ideas
Ascending Triangle, Major Resistance, Uptrending ChannelThe price of BIDU currently walks on the lower boarder of an uptrending channel.
Major resitance is @ 128 for more than 2 month now.
Right below the resistance it is forming an ascending triangle.
MA 50 is neutral, MA 200 in an uptrend.
RSI gives room to run.
MACD positive crossing.
Will enter above 128 if volume picks up or the resistance break is confirmed by another candle close.
TP1: 132.7
TP2: 136
TP3: 146
Stock of the day / BIDUToday, we have a long setup to share. Here you will see a full explanation
a) The price is on a major Support Zone (check the weekly chart)
b) Now we can see a broken descending trendline after the price reached a significant reversal level
c) On the edge of the broken trendline, we have a clear Corrective Structure (Bullish Pennant)
d) Based on the previous items, we will execute long trades towards the next resistance zone at 186.63
e) Our Entry / Stop / Take profit level are the ones that you can see on the setup
f) Our Break Even level is the yellow line
g) We will take this setup using 1% of our capital
h) Remember: Trade Safe, protect your capital, and always understand what you are doing.
BIDUSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
The System T is a comprehensive system which contains many components such as buy & sell signal generator, win & loss statistics, risk control & portfolio management to make sure trading is successful in the long run.
Basically, for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(*) Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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BIDU is about to breakoutBIDU has been a horrible stock to own for months (years, really). But it looks like it's headed for a nice run in the coming days / weeks.
BIDUi think this is good to buy here, could be a bumpy ride but this stock always is, i think all the china stuff in the news or whatever is pretty much bs, i think this one could really take off if the market cooperates, if jd.com can pop off i don't know why this can't either, if it's above 150 within a month that would be cool
BIDU Triple Bottom Apex breakoutBIDU is reaching the apex of the channel it has been in, while also forming a triple bottom pattern within the channel. I am suspecting a breakout towards the 135 area.
China Stocks Detaching?Macro count here looks like we could be starting a very long uptrend Wave 3 potentially if the low is in.
BIDU set up for $139Looks like a bullish pennant finishing up for a decent pop. The overall market is not going to help so keep a tight stop.
E: 118 +/-2
T1: 127 +/-2
T2: 138.58
S: 115.75
BIDU Gap Fill ReversalBIDU reported earnings and gapped down. The very next day, 100% of the gap was filled. This typical acts as resistance and causes a reversal in the short term. I'm expecting price action to move back downward to the $118 level.
Adding to Bidu after the good earnings and rumours around IQYI Bidu results were better than expected I would say and without this new on IQYI would have reached the 140 marks but nvm I am adding to my position at 116 so good thank you for the good deal
Reached a good first support at 116 , should maintain ; next good support is 100 but I doubt this would go there again really
BAIDU BIDU BREAKOUTBIDU PT 133, bull momentum, already broke out few weeks ago, on the bottom of the yearly channel, earnings tomorrow, should benefits from CHINA-USA trade talks planned for the end of the week (trump permitted), Call Spreads 133/138 Sept, stop loss if market crash or breaks the rising triangle, risky play
BIDU - 14.71% Potential Profit - Bullish PennantUptrend Support with a Bullish Pennant forming and price breakout.
Target price set at a new potential resistance line.
- 5-month uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $127.52
Suggested Stop Loss $124.15
Target price $146.29
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
$BIDU Rolling the Dice on Baidu
Potential entry above $128.00 on market strength
Upside targets as per horizontal resistance levels
Very large flag pattern formed.
Bullish moving average formation.
Chinese stocks have defied all the negative newsflow recently.
This stock has a habit of giving back gains post earnings so go to the bank.
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Baidu OpinionEverything about this chart seems bullish but being bulling toward earnings is not always a good thing. I was all in until I started doing more research and they are talks about them not beating their earning estimate. That usually means a temporary decline in their stock price. I'm torn between holding through earning and waiting. Anyone trading Baidu got any opinion or thoughts on this?
$BiduLooks to break triangle with inverse head and shoulders, risky play with earnings coming up... but looks bullish nonetheless will play small.
BIDUNot for entry .. just watch the battle between ( A broken trend ) VS ( head and shoulders + candle strength )
