Baidu in a free fall - Analysis - 21-05-2019

Baidu's stock skidded 8.39% in the last session, amid the complete dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, with a surge in trading volumes, with negative signals from the RSI. 

Therefore we expect more losses for the stock, targeting the support of 101.71, as long as the resistance of 133.78 holds on. 

Expected trend for today: Bearish