BIDU is heading towards 83.8200 and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
If you’re short BIDU you should be aware of the rapidly approaching level of 83.8200
