Baidu ST : Gap

Our pivot point is at 87.28.

Our preference: the upside prevails as long as 87.28 is support

Alternative scenario: below 87.28, expect 83.54 and 81.32.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 86.97 and 87.06). Finally, the Baidu is trading above its upper Bollinger band (standing at 91.44).

Supports and resistances:

105.94 **

103.61 *

101.29 **

98.97

93.30 USD - last

88.74

87.28 **