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Baidu: ⬆️ Buy
– Baidu reversed from support level 135.00
– Likely to rise to resistance level 150.00
Baidu recently reversed up from the support area between the key support level 135.00 (which has been reversing the price from November), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from November.
The upward reversal from this support zone stopped earlier downward impulse wave 3.
Given the clear daily uptrend and the bullish divergence on the daily Stochastic, Baidu can be expected to rise to the next resistance level 150.00 (top of the previous correction 2).
Source: https://fxpro.news
