Thoughts on Baidu?

2022-08-22

Hey everyone! I have another setup here today $BIDU-SW(09888)$

On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop to sell entry at 130.7 where the overlap support and 23.6% fibonacci retracement are. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 104.0 where the swing low support and 78.6% fibonacci projection are. Alternatively, price could rise to stop loss at 155.6 where the swing high resistance and 78.6% fibonacci projection are.

Entry: 130.7 [Smile]

Take Profit: 104.0 [Miser]

Stop Loss: 155.6 [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

AlvinLau
2022-08-28
AlvinLau
Baidu is best company
bzwu
2022-08-22
bzwu
[Miser]
BengSeng
2022-08-22
BengSeng
ffz
Tiger cub cu
2022-08-22
Tiger cub cu
Baifu
yiy
2022-08-22
yiy
[OK]
ISSEY1413
2022-08-22
ISSEY1413
ok

Leave a comment

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I have another setup here today&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$</a>&nbsp;On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop to sell entry at 130.7 where the overlap support and 23.6% fibonacci retracement are. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 104.0 where the swing low support and 78.6% fibonacci projection are. Alternatively, price could rise to stop loss at 155.6 where the swing high resistance and 78.6% fibonacci projection are.Entry: 130.7&nbsp;[Smile]&nbsp;Take Profit: 104.0&nbsp;[Miser]&nbsp;Stop Loss: 155.6&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/5c6d5cdd40df79490562f47575f89100\"></body></html>","htmlText":"<html><head></head><body>Hey everyone! I have another setup here today&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$</a>&nbsp;On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop to sell entry at 130.7 where the overlap support and 23.6% fibonacci retracement are. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 104.0 where the swing low support and 78.6% fibonacci projection are. Alternatively, price could rise to stop loss at 155.6 where the swing high resistance and 78.6% fibonacci projection are.Entry: 130.7&nbsp;[Smile]&nbsp;Take Profit: 104.0&nbsp;[Miser]&nbsp;Stop Loss: 155.6&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/5c6d5cdd40df79490562f47575f89100\"></body></html>","text":"Hey everyone! I have another setup here today $BIDU-SW(09888)$ On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop to sell entry at 130.7 where the overlap support and 23.6% fibonacci retracement are. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 104.0 where the swing low support and 78.6% fibonacci projection are. Alternatively, price could rise to stop loss at 155.6 where the swing high resistance and 78.6% fibonacci projection are. 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