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

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