Baidu (BIDU.US) - yesterday buyers failed to break above the major resistance at $150.69 and price pulled back. Today stock launched session with a bearish price gap and is approaching local support at $140.00. In case of a break below occur, then downward move may accelerate towards next support at $130.50 which is additionally strengthened by 50 SMA (green line) and the upward trendline. Source: xStation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
