Market Blog Trends

BITA falls 5% pre-market

Bitauto Holdings Limited(NYSE:BITA) caters to the Internet content, marketing and transaction services of the automotive industry in China. BITA announced a loss of $92.8 Million today and saw a downside of 5% pre-market. It saw a price rise of over 10% in the last two months, and analysts are pretty positive about the stock. Stockal’s Confidence meter has been consistently above 70%.   While the net loss has increased yoy
Market Blog Technical Analysis

BIDU is heading higher to test a firm resistance at 194: Antonio

I have Baidu Inc (NASDAQ:BIDU) on my watchlist for next week. The stock rose $1.81 or 0.97%, on Friday, finishing the session at the highest close since May. This move puts it in high probability of a breakout above key resistance in the 193.74 area. Daily technical indicators are looking bullish. The daily MACD is above its signal line in positive zone, while RSI has just crossed above its 70% level