CFD Trading – Buy Baidu Inc. (BIDU.NAS) @ $159.00. Stop @ $148.10 and Target @ $179.10

Baidu Inc.  Stock Code BIDU.NAS

Recently price broke above a recent high and triggered a V-shaped reversal, hinting of more price upsides ahead.  Conversion and Base lines had bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both its lines high above the zero line, hinting of a strong bullish trend. We think the uptrend is likely to continue towards the Ichimoku V-shaped price projection target of $170.10.

$159.00              Buy
$179.10              Price Target
$148.10              Risk Management Stop
3 weeks              Trade Duration

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