To The Moon

Baidu $BIDU-SW(09888)$ has completed two distinct base formations, both projecting higher price targets.

Base 1

• Base 1: Spanning from 73.25 to 119.4, with a depth of 46.15. Adding this to the breakout level at 119.4, the projected target is around HK$165–166.

• Depth = 119.4 – 73.25 = 46.15

• Projected Target = Breakout (119.4) + Depth (46.15) = 165.55

Base 2

• Base 2: Spanning from 73.25 to 103.6, with a depth of 30.35. Adding this to the breakout level at 103.6, the projected target is around HK$134.

• Depth = 103.6 – 73.25 = 30.35

• Projected Target = Breakout (103.6) + Depth (30.35) = 133.95

With the stock already trading above HK$136, Baidu has exceeded the smaller Base 2 projection and is now on track toward the larger Base 1 target. Momentum remains positive after the strong breakout, supported by heavy volume and improving MACD readings.

Using DLCs for Short-Term Trading

• Long DLCs ( $Baidu 5xLongSG261027(JVWW.SI)$ ) : These may benefit if Baidu continues its momentum toward the HK$165–166 target.

• Short DLCs / Hedge ( $Baidu 5xShortSG261223(WC5W.SI)$ ) : Could be considered if price fails to hold above the breakout level of 119.4, offering tactical downside exposure.

⚠️ Reminder: DLCs are leveraged, short-term trading instruments with daily compounding. Investors should be aware of risks, position sizing, and bid-ask spreads.

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Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.