Baidu ST : Gap

Our pivot point is at 96.24.

Our preference: technical rebound towards 96.24 before a new drop

Alternative scenario: above 96.24, look for 103.57 and 107.93.

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 stands above its 20 period moving average (88.55) but below its 50 period moving average (89.95).

Supports and resistances:

107.93 **

103.57 *

96.24 **

93.37

89.19 USD - last

79.96

75.70 **