When the Price of Baidu BIDU Talks, People Listen

February 05, 2023, 09:45 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BIDU

• Buy BIDU slightly over 135.96 target n/a stop loss @ 135.57. Details

The technical summary data tells us to buy BIDU near 135.96, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 135.57 to protect against excessive loss in case the stock begins to move against the trade. 135.96 is the first level of support below 143.06, and by rule, any test of support is a buy signal. In this case, if support 135.96 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for BIDU

• Buy BIDU slightly over 150.95, target n/a, Stop Loss @ 150.51 Details

If 150.95 begins to break higher, the technical summary data tells us to buy BIDU just slightly over 150.95, with an upside target of n/a. The data also tells us to set a stop loss @ 150.51 in case the stock turns against the trade. 150.95 is the first level of resistance above 143.06, and by rule, any break above resistance is a buy signal. In this case, 150.95, 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 150.95, target 141.41, Stop Loss @ 151.39. Details

The technical summary data is suggesting a short of BIDU if it tests 150.95 with a downside target of 141.41. We should have a stop loss in place at 151.39 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, 150.95, 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 144.00, target 150.95, Stop Loss @ 143.66 Details

If 144.00 begins to break higher, the technical summary data tells us to buy BIDU just slightly over 144.00, with an upside target of 150.95. The data also tells us to set a stop loss @ 143.66 in case the stock turns against the trade. 144.00 is the first level of resistance above 143.06, and by rule, any break above resistance is a buy signal. In this case, 144.00, 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 144.00, target 141.41, Stop Loss @ 144.34. Details

The technical summary data is suggesting a short of BIDU if it tests 144.00 with a downside target of 141.41. We should have a stop loss in place at 144.34 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, 144.00, 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 February 05:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	92.16
P2	144.00	141.41	114.47
P3	153.67	150.95	135.96

AI Generated Signals for BIDU

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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.