Baidu readies to attack current resistance - Analysis - 12-09-2019

Economies.com
2019-09-12 15:15PM UTC

Baidu's stock fell as the resistance of 113.76 held on, while venting off overbought saturation in the RSI to gather momentum, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to rise, provided the resistance of 113.76 was breached, targeting the next one at 123.55. 

 

Expected trend for today: Bullish   

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