Baidu tries to vent off oversold saturation - Analysis - 22-12-2021

Baidu's stock (BIDU) rallied 5.28% in the last session, while venting off oversold saturation in the RSI, settling at 144.82, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of 132.22, provided the resistance of 152.04 holds on.

Expected trend for today: Bearish