Baidu | BIDU | Long at $117.00

Technical Analysis

The stock price for Baidu BIDU recently dipped to the top channel of my selected historical simple moving average. This "regression-to-the-mean" area is an inevitable spot for the price to find support or resistance. While the lower end of the channel is around $96 and the mean is $106, it's a 50/50 call as to how this will move going forward given world tension and AI sentiment. These lower levels could absolutely be reached in the near-term. Personally, I think new longer-term highs (1-3 years) are ahead for this company based on fundamentals alone. But the elephant in the room is whether the political administration will threaten to remove Chinese companies from the US stock exchange if world tensions grow.

Fundamentals

Action

Fundamentals are good, growth is solid, and the "Chinese Google" will likely take off just like its US counterpart sometime in the future. However, there could be some near-term pain (even into the $80s) if US sentiment shifts negatively toward Chinese equities. It's a risk, but I plan to slowly build a position if the price drops into the bottom of my selected historical simple moving average or lower (especially in the last remaining price gap is closed in the $80s). Thus, at $117, BIDU is in a personal buy zone (starter position) with further entries planned if the price falls (unless delisting is announced).

Targets into 2029

交易進行

Target #1 reached resulting in a +28.2% gain.

註釋

Added another position at $101.50

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