Thoughts on Baidu?

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]

$Baidu 5xShortSG230330(DBJW.SI)$

$Baidu 5xLongSG230329(DLEW.SI)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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

Leave a comment

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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&nbsp;[Smile]&nbsp;Take Profit: 155.6&nbsp;[Miser]&nbsp;Stop Loss: 104.0&nbsp;[Cry]&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DBJW.SI\">$Baidu 5xShortSG230330(DBJW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DLEW.SI\">$Baidu 5xLongSG230329(DLEW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/2c056ad9f839b9a1b2645e8c96825248\"></body></html>","htmlText":"<html><head></head><body>Hey guys, I have a setup here for you guys&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$</a>&nbsp;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&nbsp;[Smile]&nbsp;Take Profit: 155.6&nbsp;[Miser]&nbsp;Stop Loss: 104.0&nbsp;[Cry]&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DBJW.SI\">$Baidu 5xShortSG230330(DBJW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DLEW.SI\">$Baidu 5xLongSG230329(DLEW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/2c056ad9f839b9a1b2645e8c96825248\"></body></html>","text":"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. 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