Baidu pierces current resistance - Analysis - 13-02-2020

Economies.com
2020-02-13 11:46AM UTC

Baidu's stock rose 2.61% in the last session, piercing the resistance of 133.94, amid the dominance of the upward medium-term trend, with support from the 50-day SMA, and positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 149.75. 

 

Expected trend for today: Bullish 

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