Baidu may rise to 96.30 - 98.30

85.8 is our pivot point.

Our preference

Short term rebound towards 96.3.

Alternative scenario

Below 85.8, expect 82.5 and 80.5.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 91.1338 and 99.4135).

Supports and resistances

100.3 **

98.3 *

96.3 **

94.3

90.06 (USD-last)

87

85.8 **

82.5 *

80.5 **

Number of asterisks represents the strength of support and resistance levels.