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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