Baidu declines for second session - Analysis - 10-12-2019

Baidu's stock fell 0.68% in the last session while seeking a bottom to bounce it higher, as it trades alongside the upward trend line, with positive support from the 50-day SMA, with positive signals from the RSI. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 127.40. 

Expected trend for today: Bullish