Baidu may rise to 105.30 - 108.40

Our pivot point is at 84.3.

Our preference

Short term rebound.

Alternative scenario

Below 84.3, expect 79.7 and 76.9.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the share stands above its 20 day moving average (90.1973) but below its 50 day moving average (98.9135).

Supports and resistances

111.4 **

108.4 *

105.3 **

102.3

95.4 (USD-last)

86.1

84.3 **

79.7 *

76.9 **

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