CFD Trading – Sell Baidu Inc (BIDU.NAS) @ $146.60. Stop @ $159.20 and Target @ $119.00

Baidu Inc. Stock Code BIDU.NAS


Price tested the cloud on 3 separate occasions but was capped by the upper edge of the cloud on each of those occasions. In the previous trading session, we saw price broke below cloud, resuming its bearish trend. Conversion and Base lines remain in a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD remains bearish with its both lines below the zero line. We think price is likely to move lower to the next support level at $118.90 in the next 1-2 weeks.


$146.60              Sell

$119.00              Price Target

$159.20              Risk Management Stop

2 weeks              Trade Duration

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