Baidu, Inc.Long
Buying BIDU... Right here, Right now.
Shares of BIDU came under pressure because of management changes, but the selloff seems grossly overdone.
Shares are currently sitting on a massive support zone... the 50, 100, and 200 day moving averages are bundled up between $242.39-245.42. Right below those averages is the 61.8% retracement of the previous major swing, further strengthening the support. Additionally, rising trend line support is holding. Should shares decline, there's additional support at $228-230, which is the bottom of a rising channel that's reinforced with the 78.6% retracement of the aforementioned swing.
I'm a buyer right here, right now, and I'll look to add on additional weakness.
Shares are currently sitting on a massive support zone... the 50, 100, and 200 day moving averages are bundled up between $242.39-245.42. Right below those averages is the 61.8% retracement of the previous major swing, further strengthening the support. Additionally, rising trend line support is holding. Should shares decline, there's additional support at $228-230, which is the bottom of a rising channel that's reinforced with the 78.6% retracement of the aforementioned swing.
I'm a buyer right here, right now, and I'll look to add on additional weakness.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.