Baidu rises in volatile session - Analysis - 20-01-2021

Economies.com
2021-01-20 10:53AM UTC

Baidu's stock rose 4.84% in the last session amid the dominance of the main upward trend, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 282.90. 

 

Expected trend for today: Bullish 

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