Baidu stalls - Analysis - 23-02-2021

Economies.com
2021-02-23 12:07PM UTC

Baidu's stock (BIDU) fell 1.21% in the last session on profit-taking, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with a surge in trading volumes. 

 

Therefore we expect the stock to rise and target the resistance of 375.00.

 

Expected trend for today: Bullish

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