Baidu ends tentatively higher - Analysis - 13-02-2018

Baidu's stock (BIDU) rose in the intraday levels, scoring a fresh profit of 2.77% in the last session, or 5.97 points, as the stock tries to vent off oversold saturation in the RSI, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, provided the resistance of 225.50 holds on, targeting the support of 213.53.