Baidu Wave Analysis – 22 May, 2020
May 22, 2020 @ 17:24 +03:00
• Baidu reversed from key resistance level 120.00
• Likely to fall to 100.00
Baidu recently reversed down sharply from the key resistance level 120.00 – standing well outside of the upper daily Bollinger Band.
The downward reversal from the resistance level 120.00 started the active short-term impulse wave
Baidu is likely to fall further toward the next round support level 100.00 (former resistance form the start of May – which stopped the previous correction (b)).