To The Moon

Please find and follow my YT channel (nerdbull1669) for Daily SG and US Stock Watchlist. Do follow me as I share quality stock pick for Daily Watchlist. As I have shared in my article on How I would trade Baidu (BIDU) before Earnings Report on 16 May 23 Premarket This trade that I gained approx. 3% was done after $Baidu(BIDU)$ announced its earnings. There was a period after the earnings was announced that it start to trade downwards during premarket. This is where I see opportunity to enter the trade. Entry at Pre-market Remember my article on How I find tradeable U.S. stock from trading activities between 8-8.30am EST, I decided to look at Baidu(BIDU) price at around 8am EST. True enough there was a lot of selling, and I decide to enter close to its premarket opening price of $127. After I enter at $127.61, price start to trend downwards, this is the time to start believing in your confidence of this stock. They have a good earnings so they should be trending upwards, the dip could be due to investors who has previously bought low, profit taking. (they might have missed the point when price was at around $133 HIGH in premarket). Exit at Actual Session I decide to exit when I see MAVOL5 cross MAVOL10, price is trading above VWAP. I predict that the price should start trading sideway. I exit at $132.06 with an approx. 3% gain. Baidu (BIDU) Trading View I always refer to the Bull/Bear strength for my entry, I would choose to enter when the bear strength is high which mean it could be at its lowest price. This time, I choose to enter when Bear strength was building up, that is not the highest bear strength. Summary Overall this is a good trade, even though I did not manage to get my desirable target entry price, but I am glad that I managed to find a entry price which is not too bad to give a 3% gain. I might be looking to enter another trade today on Baidu(BIDU), but will monitor price and volume movement closely. Appreciate if you could share your thoughts in the comment section on whether you think Baidu(BIDU) would have more upside trade today (17 May 2023) one day after earnings report? Do like, share and comment on this article if you find this trading thought useful. @TigerStars appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts. Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.