Baidu dominated by sideways trading - Analysis - 18-10-2019
Economies.com
2019-10-18 13:30PM UTC
Baidu's stock fell in the intraday levels while venting off overbought saturation in the RSI, amid positive support from the 50-day SMA, with the dominance of a wave that seeks to correct the main downward trend.
Therefore we expect the stock to rise and target the pivotal resistance of 113.76.
Expected trend for today: Bullish
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