Baidu gives in to negative pressure - Analysis - 19-01-2022

Economies.com
2022-01-19 11:38AM UTC

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

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