Baidu gives in to negative pressure - Analysis - 15-09-2021

2021-09-15 12:06:33 GMT (Economies.com)
 

Baidu's stock (BIDU) fell 1.68% in the last session after touching the resistance of the 50-day SMA, exposing it to negative pressure amid negative signals from the RSI and amid the dominance of the downward correctional trend in the medium term.

 

Therefore we expect more losses for the stock, targeting the first support at 152.00, provided the resistance of 176.25 holds on.

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1731
0.0017
0.1490%
1.3705
0.0029
0.2146%
Tadawul
11270.57
-40.58
0.36%
22.666
0.365
1.639%
73.270
2.337
3.295%
77.59
0.32
0.41%
1753.695
-3.110
0.177%
 
 
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