TA for Baidu

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  • #41492


    Hi Wen Ren, can you assist on TA for Baidu? Thanks


    Research Department

    Hi KH, 

    Apologies for the late reply. If we have a look at Baidu from the chart. The rounding top is still a threat to push prices lower. No doubt it can go up from now but do take note of the resistance at the $305 region. 

    The corrective move down has been completed from 354-255.91 levels and the potential up move may be capped at the resistance zone mention above. As such, I believe that the greater support zone at 195-203 is the better of all. 

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