Baidu tries to recoup some losses - Analysis - 26-11-2021

2021-11-26 11:44:37 GMT (Economies.com)
 

Baidu's stock (BIDU) rose 0.60% in the last session while trying to recoup some past losses and venting off oversold saturation in the RSI, settling thereafter at 151.39, while hurt by exiting an ascending price channel in the short term, amid negative pressures from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 132.25, provided the support of 152.00 was breached.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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