Baidu Bull Flag Signals Surge Coming

Shares of Baidu Inc (BIDU) are looking attractive from a technical chart setup. The Baidu bull flag over the last three weeks looks to breakout in the coming days with upside to $278.00 as a first target. With the current price around $217, swing traders could see as much as a 28% return in weeks to a few months.

Baidu fell from a two-week high of near $350 in February 2021, bottoming out at a low pivot of $174.00. The current bull flag can easily be seen in the stock chart and a breakout surge will likely take place when price climbs above $221.00 on a daily closing basis. This is a solid swing trade setup for investors.

(Click on image to enlarge)

Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.