JianingYin wrote a post · Sep 30, 2022 02:54

Thought on 09888 Baidu: a selling opportunity

Good day traders!

We're looking at a potential sell setup for $BIDU-SW (09888.HK)$

And here is why:

1.) The price is moving below ichimoku cloud and showing a dropping trend

2) We are looking a sell opportunity at 119.6, which is the upper bound of consolidating area

3) The take profit is set at 103.7, where the swing low and 141.1% fib projection are

Anyone else have a similar short-term bearish outlook?

Trade Entry recommendations:

Buy Entry: 119.6

Take Profit: 103.7

Stop Loss: 124.6

Other tickers to recommend:

For 5x Long Leverage: $Baidu 5xShortSG230330 (DBJW.SG)$

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