Firstly of all, my pair trade setup of BABA/BIDU is really successful. you can check the linked idea below.
Secondly, the free fall of BIDU was triggered by fire sale from a hedge fund who was believed to be default late last week. ViacomCBS, Baidu and some other stocks have been impacted a lot by the liquidation.
Thirdly, look at the free fall angle. I don't think it's sustainable. After the massive sell, I'm looking for bullish setup of BIDU because the fundamental of the company has not changed.
Trigger part: 60 minutes with bullish patterns, e.g. bullish engulfing pattern
I would expect the trade will give us a quick 20%-30% return in the next few days.
Secondly, the free fall of BIDU was triggered by fire sale from a hedge fund who was believed to be default late last week. ViacomCBS, Baidu and some other stocks have been impacted a lot by the liquidation.
Thirdly, look at the free fall angle. I don't think it's sustainable. After the massive sell, I'm looking for bullish setup of BIDU because the fundamental of the company has not changed.
Trigger part: 60 minutes with bullish patterns, e.g. bullish engulfing pattern
I would expect the trade will give us a quick 20%-30% return in the next few days.
Note
I got two setups, one aggressive and another is conservative pullback buy long. Note
Right. Momentum looks good. aggressive setup is active. Attached is a 1m chart, I can still identify a nice retest setup. Note
Yesterday is not a bad day. The aggressive setup helped us to get a 2% return. With the gap-up today, I'm eyeing on yesterday's high as short-term trouble. Once penetrated, there should be some room to go up. Note
Market opens and it looks Bidu is following the strong momentum in HK market where it listed a few days ago. It becomes an important indicator.Note
Price moved between the range of 216 to 224. Looking for more buyers to come in. Note
After consolidation, the upper range boundary has been conquered firmly...Now, the probability of further going up is likely. Note
Alright. It's a fake breakout and price formed a beautiful bullish pattern. Let's see how it respond to previous high. 
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plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.