BYD COMPANY Stock Code 1211.HKE
Price could be forming a potential Double Top chart pattern, which is one of the reversal patterns. There is a potential divergence warning that warned of a top as well. It is now moving lower and we are likely to see price heading towards the cloud support, which is also the Fibonacci 50% correction point of Aug-Nov 20’s rally, if price further violates the Base line support. The MACD is still bullish now but there is a bearish crossover.
$143.50 Price Target
$206.00 Risk Management Stop
1 week Trade Duration