Tag: BIDU INC

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

Nicholas

Baidu Inc. Stock Code BIDU.NAS

Outlook

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.

Strategy                  

$146.60              Sell

$119.00              Price Target

$159.20              Risk Management Stop

2 weeks              Trade Duration

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

Nicholas

Baidu Inc.  Stock Code BIDU.NAS

Outlook
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.

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