“3 Stocks in Bottom Timing - Trade Ideas for Aggressive Traders”
AI summary · Baidu is the best of these bottom-timing trades: after a huge China-driven drop, its daily chart hit a cyclical bottom this week and it has just begun rebounding; the speaker can see 85 and sees hardly any downside risk, though things can change. The weekly upward shift and options-bias indicator have not turned up, a momentum indicator is slightly negative, while the two-hour chart has turned positive. A drop below 75.80 would cancel the positive thesis and require waiting for a more complicated bottom.
We will look at CAT, WIN and Baidu stocks.
And of course, Baidu is a Chinese stock . These are three stocks that I believe are within timeframes that allow for consideration of buying deals, and their downside risks are probably lower than others that you might choose to speculate on.
These stocks have fallen significantly and are within cyclical patterns that I will show you, indicating that they may reach the bottom and make some gains. Most likely, the worst of the downturn is over for these stocks.