Buy BYD Company(1211.HKE) at $258.20. Stop at $238.00 and Target at $298.20

BYD COMPANY   Stock Code 1211.HKE


Price rebounded after being supported by the cloud, keeping the bullish trend intact. Both the Conversion and Base lines are moving higher, suggesting more upside ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. The MACD is bullish and is moving higher after having a bullish crossover. Price gapped up yesterday, hinting at the strong upward strength. We are likely to see price continuing its upward momentum to move higher.


$258.20              Buy

$298.20              Price Target

$238.00              Risk Management Stop

2 weeks              Trade Duration

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