Baidu Stock (BIDU) Ichimoku Cloud Analysis [Video]

Kiana Danial, CFP Invest Diva

The Baidu stock price broke above the daily Ichimoku cloud end of October 2019. Ichimoku Kinko Hyo strategy suggests we could see a temporary pullback towards the upper band of the cloud before further gains in the medium term. However, the pair has not yet completed the long-term double top bearish reversal chart pattern which suggests the Baidu stock price could drop to as low as $42.

On the other hand, we also have a Saucer Bottom chart pattern forming on the daily chart.

Watch my Ichimoku cloud analysis for the Baidu stock in 2020 to see how I bring all points of the IDDA together.

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Author

Kiana Danial, CFP

Invest Diva

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

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