Learn to Evaluate (BIDU) using the Charts
June 08, 2024, 16:40 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BIDU
- Buy BIDU slightly over 94.86 target 105.55 stop loss @ 94.59 Details
The technical summary data tells us to buy BIDU near 94.86 with an upside target of 105.55. This data also tells us to set a stop loss @ 94.59 to protect against excessive loss in case the stock begins to move against the trade. 94.86 is the first level of support below 95.89 , and by rule, any test of support is a buy signal. In this case, support 94.86 is being tested, a buy signal would exist.
- Short BIDU slightly under 105.55, target 94.86, stop loss @ 105.85 Details
The technical summary data is suggesting a short of BIDU as it gets near 105.55 with a downside target of 94.86. We should have a stop loss in place at 105.85though. 105.55 is the first level of resistance above 95.89, and by rule, any test of resistance is a short signal. In this case, if resistance 105.55 is being tested, a short signal would exist.
Swing Trading Plans for BIDU
- Buy BIDU slightly over 96.11, target 105.55, Stop Loss @ 95.83 Details
If 96.11 begins to break higher, the technical summary data tells us to buy BIDU just slightly over 96.11, with an upside target of 105.55. The data also tells us to set a stop loss @ 95.83 in case the stock turns against the trade. 96.11 is the first level of resistance above 95.89, and by rule, any break above resistance is a buy signal. In this case, 96.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BIDU slightly near 96.11, target 94.86, Stop Loss @ 96.39. Details
The technical summary data is suggesting a short of BIDU if it tests 96.11 with a downside target of 94.86. We should have a stop loss in place at 96.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 96.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for BIDU
- Buy BIDU slightly over 96.17, target 97.74, Stop Loss @ 95.95 Details
If 96.17 begins to break higher, the technical summary data tells us to buy BIDU just slightly over 96.17, with an upside target of 97.74. The data also tells us to set a stop loss @ 95.95 in case the stock turns against the trade. 96.17 is the first level of resistance above 95.89, and by rule, any break above resistance is a buy signal. In this case, 96.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BIDU slightly near 96.17, target 94.86, Stop Loss @ 96.39. Details
The technical summary data is suggesting a short of BIDU if it tests 96.17 with a downside target of 94.86. We should have a stop loss in place at 96.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 96.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Baidu Inc. (BIDU) available here: BIDU.
BIDU Ratings for June 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
84.52 |
| P2 |
96.17 |
93.5 |
94.86 |
| P3 |
97.74 |
96.11 |
105.55 |
AI Generated Signals for BIDU
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Baidu Inc. (NASDAQ: BIDU) report below can help you understand how to do this. The trading plans for BIDU, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BIDU:
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