Baidu collects profits - Analysis - 16-10-2020
2020-10-16 09:22:55 GMT
(Economies.com)
Baidu's stock fell 4.43% in the last session with negative signals from the RSI while gathering momentum to help it rise anew, as it traded alongside the upward medium-term trend line, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 148.62, provided the resistance of 135.30 was breached.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1836
|
0.0057
|
0.4839%
|
|
|
|
|
1.3026
|
0.0039
|
0.3015%
|
|
|
|
Tadawul
|
8154.59
|
-312.66
|
3.69%
|
|
|
|
|
24.327
|
-0.447
|
1.802%
|
|
|
|
|
39.102
|
-1.841
|
4.495%
|
|
|
|
|
41.77
|
-0.87
|
2.04%
|
|
|
|
|
1898.455
|
-13.560
|
0.709%
|
|
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