Opinion: Baidu Bull Flag Signals Surge Coming

Technology Author: Contributor, Gareth Soloway May 07, 2021 06:25 PM (GMT+8)

The firm's share are looking attractive from a technical chart setup.


The Baidu bull flag over the last three weeks looks to break out in the coming days with upside to USD 278.00 as a first target. With the current price around USD 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 USD 350 in February 2021, bottoming out at a low pivot of USD 174.00. 

The current bull flag can easily be seen in the stock chart and a breakout surge will likely take place when the price climbs above USD 221.00 on a daily closing basis. This is a solid swing trade setup for investors.

This analyst note was first published by Gareth Soloway on InTheMoneyStocks.com