Baidu Wave Analysis 9 February, 2021
February 09, 2021 @ 18:51 +03:00
• Baidu rising sharply
• Likely to reach resistance level 320.00
Baidu continues to rise sharply after the price broke above the major long-term resistance level 284.00 (former multi-year high from 2018).
The breakout of the resistance level 284.00 is aligned with the very strong daily and weekly uptrends of this instrument – as can be seen below.
Baidu is likely to rise further toward the next resistance level 320.00 (forecast price for the completion of the weekly impulse sequence III from last year)