When the Price of Baidu $BIDU Talks, People Listen
April 13, 2023, 21:00 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BIDU
- Buy BIDU slightly over 114.32 target 137.58 stop loss @ 113.99 Details
The technical summary data tells us to buy BIDU near 114.32 with an upside target of 137.58. This data also tells us to set a stop loss @ 113.99 to protect against excessive loss in case the stock begins to move against the trade. 114.32 is the first level of support below 132.73 , and by rule, any test of support is a buy signal. In this case, support 114.32 is being tested, a buy signal would exist.
- Short BIDU slightly under 137.58, target 114.32, stop loss @ 137.98 Details
The technical summary data is suggesting a short of BIDU as it gets near 137.58 with a downside target of 114.32. We should have a stop loss in place at 137.98though. 137.58 is the first level of resistance above 132.73, and by rule, any test of resistance is a short signal. In this case, if resistance 137.58 is being tested, a short signal would exist.
Swing Trading Plans for BIDU
- Buy BIDU slightly over 137.58, target 138.56, Stop Loss @ 137.18 Details
If 137.58 begins to break higher, the technical summary data tells us to buy BIDU just slightly over 137.58, with an upside target of 138.56. The data also tells us to set a stop loss @ 137.18 in case the stock turns against the trade. 137.58 is the first level of resistance above 132.73, and by rule, any break above resistance is a buy signal. In this case, 137.58, 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 137.58, target 132.46, Stop Loss @ 137.98. Details
The technical summary data is suggesting a short of BIDU if it tests 137.58 with a downside target of 132.46. We should have a stop loss in place at 137.98 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, 137.58, 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 135.29, target 137.58, Stop Loss @ 134.97 Details
If 135.29 begins to break higher, the technical summary data tells us to buy BIDU just slightly over 135.29, with an upside target of 137.58. The data also tells us to set a stop loss @ 134.97 in case the stock turns against the trade. 135.29 is the first level of resistance above 132.73, and by rule, any break above resistance is a buy signal. In this case, 135.29, 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 135.29, target 132.46, Stop Loss @ 135.61. Details
The technical summary data is suggesting a short of BIDU if it tests 135.29 with a downside target of 132.46. We should have a stop loss in place at 135.61 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, 135.29, 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 (BIDU) available here: BIDU.
BIDU Ratings for April 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
90.96 |
| P2 |
131.59 |
132.46 |
114.32 |
| P3 |
135.29 |
138.56 |
137.58 |
AI Generated Signals for BIDU
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Baidu (NASDAQ: BIDU) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for BIDU can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BIDU:
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