Baidu surrounded with negative signals - Analysis - 14-05-2019

Baidu's stock kept falling in the short term, trespassing the pivotal support of 153.65, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

Therefore we expect more losses, as long as it settles below 153.65, targeting the support of 144.95.

Expected trend for today: Bearish