Baidu's stock slid 1.03% in the last session amid negative signals from the RSI, settling at 152.94, after the important resistance of 152.00 held on, and coinciding with touching the resistance of the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of 132.22, provided the resistance of 52.00 holds on.
Expected trend for today: Bearish