We have decided to make public our previous technical stock calls on BIDU. These reports were produced by Konstantin Dimov. We are summarizing and reposting his work in this piece. Due to a technical issue, Konstantin’s original work on our site was removed.
Summary
September 1st, 2017 – Called a short-term move upwards to $268 to $272 – Peaked at $272.82 at the close of October 17th.
March 14th, 2018 – Called a short-term move downwards to $228 to $235 – Actually overshot the range and bottomed at $212.07 at the close of April 6th, 2018. With this technical call along with unspectacular Q1 results expected, we had closed our BUY view on BIDU.
