Baidu adds to gains - Analysis - 20-10-2021

Baidu's stock (BIDU) kept rising with a 4.65% profit in the last session, settling at 179.00 and tackling the pivotal resistance of 176.25, with positive signals from the RSI, coupled with positive support from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the resistance of 208.90, provided the resistance of 176.25 was breached.

Expected trend for today: Bullish