Hey guys! Anyone eyeing on $BIDU-SW(9888.HK)?
Prices are on bearish momentum. We see the potential for further dips to get in a sell entry @ 141.9 in line with which is an area of Fibonacci confluences. Probably going to short to 130.7 in line with 50% Fibonacci retracement and also a graphical swing low. I'll have my stop loss potentially at 147.2 in line with 78.6% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 141.9
Take Profit: 130.7
Stop Loss: 147.2
What do yáll think?
$Baidu 5xShortSG220511(DBFW.SI)
$Baidu 5xLongSG220511(DBDW.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.
- LeilaLynch·2022-03-28Solid fundamental Growth. Go enjoy your sleep peacefully ! $200 or more by late 2022. Good luck.LikeReport
- CrystalRose·2022-03-28Revenue went up with good profits. Also, better profits going forward. Bidu should have uptrend in stock prices moving forward besides regulations are over.LikeReport
- CyrilDavy·2022-03-28If you don’t have patience as an Investor, there is a great chance you will miss the opportunity to become a Millionaire 💪🏻💪🏻LikeReport
- MyrnaNorth·2022-03-28The stock begins to be shorted heavily then the news is released so they can cover cheaper. BUY ON THE NEWSLikeReport
- Boo2bear·2022-03-28Most HSI stocks bearish momentum. Only USA worthwhile to tradeLikeReport
- WayneCai·2022-03-28I boughtLikeReport
- GTHL·2022-03-28kLikeReport
