BIDU is sitting at multi-YEAR support. Interestingly, $14 million dollars worth of April 19th, 2024 ITM put selling across strikes from $103 to $110 was detected on BlackBoxStocks today suggesting parties. In addition, roughly $80,0000 worth of 4/19/2024 $96 calls was detected. A bounce into declining moving averages is a play. In addition, on the daily chart,...
NASDAQ:BIDU is sitting at multi-YEAR support. Interestingly, $14 million dollars worth of April 19th, 2024 ITM put selling across strikes from $103 to $110 was detected on BlackBoxStocks today suggesting parties. In addition, roughly $80,0000 worth of 4/19/2024 $96 calls was detected. A bounce into declining moving averages is a play. In addition, on the...
The February bottom had been broken on the 29th. But now 1 week ago we managed to regain the entrance into the previous range again. The reversal I take as a signal of predominating buying interest now.
I am betting on the Chinese B (Baidu), A (Alibaba) and T (Tencent) shares again , having seen their share prices fallen more than 50% from its peak! This is a long term investment , with time horizon 5 years and more.
Is this the bottom ? I believe so as the Chinese Government is taking this opportunity to shore up its economy and the need to appease to the...
China's central bank has stepped up measures to support markets. Baidu is one of the best companies to bet on the recovery of the China's economy and in particular the advertising market.
tp1 135
tp2 190
Baidu Inc. ( NASDAQ:BIDU ) emerges as a beacon of resilience, reporting a commendable 6% increase in revenue for the fourth quarter, propelled by the synergistic forces of artificial intelligence (AI) and advertising prowess.
For the three-month period ending December, Baidu ( NASDAQ:BIDU ) disclosed revenues totaling 34.95 billion yuan ($4.92 billion), a figure...
Dear traders,
Id like to share this idea in order to take long positions, basically the price is in a strong support level around 100$.
95- 105$ is is a good price range to look for buying opportunities.
Additionally there is also a signal of divergence between RSI and price direction.
best
If you haven`t bought the dip on BIDU:
Then analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 120usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $6.75.
If these options prove to be profitable prior to the earnings release, I would...
BIDU seems to me to be inside a wedge
the breakout above approximately 110
would lead to targets towards the upper
resistances 117 first then 125 and 135
otherwise a return towards the minimums
The window that has been opened on January 12th has been closed on 24th January already. This rise has been retraced on February 2nd. Then we saw a Reversal island. The small candles yesterday and today so far are indicating that we are fighting to build a bottom now.
On top there are no real resistances. The former bottom of January 3rd had been broken on the...
In a strategic maneuver to overcome the challenges posed by the Chinese government's stringent restrictions on Google services, Samsung Electronics Co. has chosen to collaborate with Baidu Inc., ( NASDAQ:BIDU ) integrating the renowned Ernie Bot into its upcoming Galaxy S24 smartphone series for the Chinese market. This groundbreaking partnership marks a pivotal...
The house always wins, which makes writing options a good business!
TipRanks - Based on 16 Wall Street analysts offering 12 month price targets for Baidu in the last 3 months. The average price target is $170.41 with a high forecast of $215.00 and a low forecast of $120.00. The average price target represents a 44.20% change from the last price of $118.18.
Baidu, the Chinese tech giant, has made significant strides with its Large Language Model (LLM), Ernie Bot, challenging OpenAI's ChatGPT for supremacy. The recent milestone achievement of surpassing 100 million users highlights the growing influence and potential of Baidu's AI endeavors. This article explores Baidu's journey in the AI market, the success of Ernie...
Baidu, Inc. is a Chinese multinational technology company specializing in Internet-related services, products, and artificial intelligence, headquartered in Beijing's Haidian District. It is one of the largest AI and Internet companies in the world
Dominating the Chinese Web:
1. Top Dog: Baidu holds a whopping 70%+ market share in China's search engine market,...
