$BIDU - Long Trade Idea

31 ene 2023

BIDU
This ticker popped up on my screener set based on strength.
I am waiting for the break of the downtrend before entering. Target price is 294/295

Latest News: "Chinese Search Giant Baidu to Launch ChatGPT-Style Bot"
bloomberg.com/news/articles/2023-01-30/chinese-search-giant-baidu-to-launch-chatgpt-style-bot-in-march

1 feb 2023

Nota

Pre-market pushing BIDU above the downtrend.
Pre market is currently trading @ 145.
If BIDU close above $145, I will plan to initiate a long position, using the downtrend as my mental stop loss.

1 feb 2023

Operación activa

Nice break of the downtrend.