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A possible move by BIDU towards 85.2221

This trade setup on BIDU is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 85.2221.

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Supports and resistances are primary concepts of technical analysis. DAX 40 is heading for an important price of 23798.8008 – read about what this could mean for the future.

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