Thoughts on Baidu?

The Investor
2022-09-12

Hey guys, I have a setup here for you guys $BIDU-SW(09888)$ 

On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that prices will rise from the buy entry at 130.7 where the overlap support and 61.8% fibonacci projection are to the take profit at 155.6 where the swing high resistance, 100% fibonacci projection and 61.8% fibonacci projection are. Alternatively, price could break entry structure and drop to stop loss at 104.0 where the swing low support and -61.8% fibonacci expansion are.

Entry: 130.7 [Smile] 

Take Profit: 155.6 [Miser] 

Stop Loss: 104.0 [Cry] 

$Baidu 5xShortSG230330(DBJW.SI)$ 

$Baidu 5xLongSG230329(DLEW.SI)$ 

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Comments

  • WernerBilly
    2022-09-12
    WernerBilly
    I've heard some news for Chinese tech companies. Maybe time to take a dip.
  • Remotecam
    2022-09-15
    Remotecam
    anyone know why there's a Baidu sell off?
  • WendyDelia
    2022-09-12
    WendyDelia
    I am not bullish on Chinese stocks.
  • matthew_more
    2022-10-04
    matthew_more
    ok
  • 13幺
    2022-09-12
    13幺
    Ok
  • Cryptobear
    2022-09-12
    Cryptobear
    U
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