Baidu may fall to 70.20 - 73.70

90.7 is our pivot point.

Our preference

The downside prevails as long as 90.7 is resistance.

Alternative scenario

The upside breakout of 90.7 would call for 96.9 and 100.5.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 88.2585 and 90.8895).

Supports and resistances

100.5 **

96.9 *

90.7 **

88.2

85.1 (USD-last)

77.4

73.7 **

70.2 *

66.5 **

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