Baidu heads resolutely lower - Analysis - 17-07-2019

Economies.com
2019-07-17 14:13PM UTC

Baidu's stock fell in the intraday levels amid a host of negative pressures, like the dominance of the main downward medium-term trend, while suffering from negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

 

Therefore we expect more losses for the stock, as long as the resistance of 122.55 holds on, targeting the support of 106.60. 

 

Expected trend for today: Bearish 

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