Baidu trims gains - Analysis - 17-01-2020

Baidu's stock hit a session-high at 142.18, bouncing off it lower and paring gains to 0.06%, amid the dominance of the upward short-term trend with positive support from the 50-day SMA, while the RSI reached oversold levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 154.23. 

Expected trend for today: Bullish