• Baidu reversed from support level 133.50
• Likely to rise to resistance levels 150.00 and 155.00
Baidu recently reversed up from the key support level 133.50 (former support from the end of January) intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December.
The upward reversal from the support level 133.50 started the active intermediate impulse wave (3).
Baidu can be expected to rise further toward the next resistance levels 150.00 and 155.00.
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