Baidu driven lower by current resistance - Analysis- 27-10-2020

Baidu's stock (BIDU) declined 0.73% in the last session after the resistance of 135.29 held on, while gathering momentum to help it pierce that resistance, amid positive pressure from the 50-daySMA, with the dominance of the upward medium-term trend, coupled with positive signals from the RSI. 

Therefore we expect the stock to rise and target the record resistance of 146.62, provided the resistance of 132.29 was breached. 

Expected trend for today: Bullish