American Stocks Analysis
Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Baidu spikes - Analysis - 05-08-2020
Economies.com
2020-08-05 12:23PM UTC
Baidu's stock rallied 5.08% in the last session while trading within an ascending price channel in the short term, with support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 135.29, provided the support of 118.55 holds on.
Expected trend for today: Bullish
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