Thoughts on Baidu?
Hey investors! I have another setup today $BIDU-SW (09888.HK)$
On the H4, with prices moving above the ichimoku indicator and MACD moving in a bullish momentum, I have a bullish bias that prices will rise from the buy entry at 130.7 where the pullback support and 38.2% fibonacci retracement are to the take profit at 147.7 in line with the swing high resistance, 161.8% fibonacci extension and 78.6% fibonacci projection. Alternatively, prices could break entry structure and drop to stop loss at 114.4 where the swing low support and 78.6% fibonacci retracement are.
Entry: 130.7![]()
Take profit: 147.7![]()
Stop loss: 114.4![]()
$Baidu 5xShortSG230330 (DBJW.SG)$
$Baidu 5xLongSG230329 (DLEW.SG)$
On the H4, with prices moving above the ichimoku indicator and MACD moving in a bullish momentum, I have a bullish bias that prices will rise from the buy entry at 130.7 where the pullback support and 38.2% fibonacci retracement are to the take profit at 147.7 in line with the swing high resistance, 161.8% fibonacci extension and 78.6% fibonacci projection. Alternatively, prices could break entry structure and drop to stop loss at 114.4 where the swing low support and 78.6% fibonacci retracement are.
Entry: 130.7
Take profit: 147.7
Stop loss: 114.4
$Baidu 5xShortSG230330 (DBJW.SG)$
$Baidu 5xLongSG230329 (DLEW.SG)$
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