Learn to Evaluate Baidu (BIDU) using the Charts
November 30, 2022, 01:30 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BIDU
- Buy BIDU slightly over 92.16 target 114.47 stop loss @ 91.89 Details
The technical summary data tells us to buy BIDU near 92.16 with an upside target of 114.47. This data also tells us to set a stop loss @ 91.89 to protect against excessive loss in case the stock begins to move against the trade. 92.16 is the first level of support below 99.64 , and by rule, any test of support is a buy signal. In this case, support 92.16 would be being tested, so a buy signal would exist.
- Short BIDU slightly under 114.47, target 92.16, stop loss @ 114.8 Details
The technical summary data is suggesting a short of BIDU as it gets near 114.47 with a downside target of 92.16. We should have a stop loss in place at 114.8though. 114.47 is the first level of resistance above 99.64, and by rule, any test of resistance is a short signal. In this case, if resistance 114.47 is being tested, so a short signal would exist.
Swing Trading Plans for BIDU
- Buy BIDU slightly over 101.74, target 114.47, Stop Loss @ 101.45 Details
If 101.74 begins to break higher, the technical summary data tells us to buy BIDU just slightly over 101.74, with an upside target of 114.47. The data also tells us to set a stop loss @ 101.45 in case the stock turns against the trade. 101.74 is the first level of resistance above 99.64, and by rule, any break above resistance is a buy signal. In this case, 101.74, 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 101.74, target 94.13, Stop Loss @ 102.03. Details
The technical summary data is suggesting a short of BIDU if it tests 101.74 with a downside target of 94.13. We should have a stop loss in place at 102.03 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, 101.74, 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 101.74, target 114.47, Stop Loss @ 101.5 Details
If 101.74 begins to break higher, the technical summary data tells us to buy BIDU just slightly over 101.74, with an upside target of 114.47. The data also tells us to set a stop loss @ 101.5 in case the stock turns against the trade. 101.74 is the first level of resistance above 99.64, and by rule, any break above resistance is a buy signal. In this case, 101.74, 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 101.74, target 98.16, Stop Loss @ 101.98. Details
The technical summary data is suggesting a short of BIDU if it tests 101.74 with a downside target of 98.16. We should have a stop loss in place at 101.98 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, 101.74, 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.
Real Time Updates are available on our Baidu (BIDU) Page here: BIDU.
BIDU Ratings for November 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
92.16 |
| P2 |
94.77 |
94.13 |
114.47 |
| P3 |
98.16 |
101.74 |
135.96 |
Support and Resistance Plot Chart 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 (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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