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novvoll12

BIDU bearish – Posts new 14-month lows, eyes 148.16 next

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Baidu, Inc. (NASDAQ:BIDU)  
novvoll12  
NASDAQ:BIDU   Baidu, Inc.
BIDU
0
0
bidu
BIDU continues to weaken, posting new 14-month lows towards the 148.16 area (near 61.8% of the 83.27/251.99 rise). Below lies the 140.66 key support (April 7, 2014 weekly low). The 179.06 resistance should cap near-term bounces.
Outlook:
Short term: bearish
Long term: bearish

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