Baidu sharpens decline - Analysis - 06-05-2021

Baidu's stock kept falling with a new 2.18% loss in the last session, while hurt by a negative technical pattern that formed recently, the Head and Shoulders pattern, amid the dominance of the downward correctional trend, while also suffering from negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the pivotal support of 185.23. 

Expected trend for today: Bearish