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: xStation5
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