August 05, 2022, 19:15 pm ET, BYChris-Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BIDU

• Buy BIDU over 133.78 target 152.01 stop loss @ 133.39 Details

The technical summary data tells us to buy BIDU near 133.78 with an upside target of 152.01. This data also tells us to set a stop loss @ 133.39 to protect against excessive loss in case the stock begins to move against the trade. 133.78 is the first level of support below 138.2 , and by rule, any test of support is a buy signal. In this case, support 133.78 is being tested, a buy signal would exist.

• Short BIDU under 152.01, target 133.78, stop loss @ 152.45 Details

The technical summary data is suggesting a short of BIDU as it gets near 152.01 with a downside target of 133.78. We should have a stop loss in place at 152.45though. 152.01 is the first level of resistance above 138.2, and by rule, any test of resistance is a short signal. In this case, if resistance 152.01 is being tested, a short signal would exist.

Swing Trading Plans for BIDU

• Buy BIDU over 152.01, target n/a, Stop Loss @ 151.57 Details

If 152.01 begins to break higher, the technical summary data tells us to buy BIDU just over 152.01, with an upside target of n/a. The data also tells us to set a stop loss @ 151.57 in case the stock turns against the trade. 152.01 is the first level of resistance above 138.2, and by rule, any break above resistance is a buy signal. In this case, 152.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BIDU near 152.01, target 137.92, Stop Loss @ 152.45. Details

The technical summary data is suggesting a short of BIDU if it tests 152.01 with a downside target of 137.92. We should have a stop loss in place at 152.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 152.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BIDU

• Buy BIDU over 152.01, target n/a, Stop Loss @ 151.66 Details

If 152.01 begins to break higher, the technical summary data tells us to buy BIDU just over 152.01, with an upside target of n/a. The data also tells us to set a stop loss @ 151.66 in case the stock turns against the trade. 152.01 is the first level of resistance above 138.2, and by rule, any break above resistance is a buy signal. In this case, 152.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BIDU near 152.01, target 137.92, Stop Loss @ 152.36. Details

The technical summary data is suggesting a short of BIDU if it tests 152.01 with a downside target of 137.92. We should have a stop loss in place at 152.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 152.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

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