Baidu declines in volatile session - Analysis - 27-02-2020

Baidu's stock declined 0.72% in the last session, amid negative pressure from the 50-day SMA while seeking a bottom to bolster it higher, as it traded alongside the upward short-term trend line, while the RSI reached oversold levels. 

Therefore we expect the stock to return higher, targeting the first resistance at 133.95, as long as the support of 120.79 holds on. 

Expected trend for today: Bullish