pool adsBaidu $BIDU is Weak Near Term but Strong Midterm
Baidu (NASDAQ: BIDU) is Weak on a Near Term basis, but Strong Midterm.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Strong | Neutral |
| P1 | 256.38 | 213.81 | 215.92 |
| P2 | 268.98 | 249.28 | 246.33 |
| P3 | 282.40 | 284.85 | 276.48 |
Support and Resistance Plot Chart for BIDU
Long Term Trading Plans for BIDU
May 21, 2018, 9:21 am ET
The technical Summary and associated Trading Plans for BIDU listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for BIDU. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
BIDU - (Long) Support Plan
Buy over 246.33 target 276.48 stop loss @ 246.07.
The technical summary data tells us to buy BIDU near 246.33 with an upside target of 276.48. This data also tells us to set a stop loss @ 246.07 to protect against excessive loss in case the stock begins to move against the trade. 246.33 is the first level of support below 253.01 , and by rule, any test of support is a buy signal. In this case, support 246.33 is being tested, a buy signal would exist.
BIDU - (Short) Resistance Plan
Short under 276.48 target 246.33 stop loss @ 276.74
The technical summary data is suggesting a short of BIDU as it gets near 276.48 with a downside target of 246.33. We should have a stop loss in place at 276.74 though. 276.48 is the first level of resistance above 253.01, and by rule, any test of resistance is a short signal. In this case, if resistance 276.48 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.
Our Market Crash Leading Indicator is Evitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change: Take a Trial
