Monday, April 26, 2021 3:30 PM EDT
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.
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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 ...
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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 investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
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