Baidu BIDU Investment Analysis – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for BIDU
  • Buy BIDU over 161.90 target 214.51 stop loss @ 161.43 Details
  • The technical summary data tells us to buy BIDU near 161.90 with an upside target of 214.51. This data also tells us to set a stop loss @ 161.43 to protect against excessive loss in case the stock begins to move against the trade. 161.90 is the first level of support below 164.38 , and by rule, any test of support is a buy signal. In this case, support 161.90 would be being tested, so a buy signal would exist.

  • Short BIDU under 214.51, target 161.90, stop loss @ 215.13 Details
  • The technical summary data is suggesting a short of BIDU as it gets near 214.51 with a downside target of 161.90. We should have a stop loss in place at 215.13though. 214.51 is the first level of resistance above 164.38, and by rule, any test of resistance is a short signal. In this case, if resistance 214.51 is being tested, so a short signal would exist.

Swing Trading Plans for BIDU
  • Buy BIDU over 172.18, target 214.51, Stop Loss @ 171.68 Details
  • If 172.18 begins to break higher, the technical summary data tells us to buy BIDU just over 172.18, with an upside target of 214.51. The data also tells us to set a stop loss @ 171.68 in case the stock turns against the trade. 172.18 is the first level of resistance above 164.38, and by rule, any break above resistance is a buy signal. In this case, 172.18, 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 near 172.18, target 162.78, Stop Loss @ 172.68. Details
  • The technical summary data is suggesting a short of BIDU if it tests 172.18 with a downside target of 162.78. We should have a stop loss in place at 172.68 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, 172.18, 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 over 165.56, target 171.03, Stop Loss @ 165.17 Details
  • If 165.56 begins to break higher, the technical summary data tells us to buy BIDU just over 165.56, with an upside target of 171.03. The data also tells us to set a stop loss @ 165.17 in case the stock turns against the trade. 165.56 is the first level of resistance above 164.38, and by rule, any break above resistance is a buy signal. In this case, 165.56, 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 near 165.56, target 162.78, Stop Loss @ 165.95. Details
  • The technical summary data is suggesting a short of BIDU if it tests 165.56 with a downside target of 162.78. We should have a stop loss in place at 165.95 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, 165.56, 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.

BIDU Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Strong Strong Strong
P1 0 0 161.90
P2 165.56 162.78 214.51
P3 171.03 172.18 281.82

With an objective approach to Baidu (NASDAQ: BIDU), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BIDU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BIDU is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BIDU too.  All of these are offered below the Summary Table.

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Fundamental Charts for BIDU

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