Baidu suffers from negative pressures - Analysis - 22-06-2021

Baidu's stock (BIDU) fell 0.42% in the last session amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI, and amid the dominance of the downward correctional trend in the short term. 

Therefore we reaffirm our negative outlook for the stock, targeting the pivotal support of 176.60, provided the resistance of 205.00 holds on.

Expected trend for today: Bearish