Baidu suffers from negative pressures - Analysis - 30-07-2019
Economies.com
2019-07-30 14:12PM UTC
Baidu's stock traded between the 122.55 resistance and the 106.60 support, amid pressure from the 50-day SMA, and with the dominance of the main downward trend, with negative signals from the RSI.
Therefore we reaffirm our negative outlook for the stock, as long as the resistance of 122.55 holds on, targeting the support of 106.60.
Expected trend for today: Bearish
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