Baidu gives in to negative pressure - Analysis - 15-07-2021

Baidu's stock (BIDU) fell 1.76% in the last session amid the dominance of the downward correctional trend in the medium and short terms, with negative pressure from the 50-day SMA, while venting off oversold levels in the RSI.

Therefore we expect more losses for the stock, targeting the support of 152.00, provided the pivotal support of 176.60 was breached. 

Expected trend for today: Bearish