CFD Trading – Buy BYD Company (1211.HKE) at $267.70. Stop at $242.00 and Target at $341.40

BYD COMPANY Stock Code 1211.HKE

Outlook
The bullish trend remains intact as price is still trading above the cloud. The recent price decline was halted at the Base line support, which is also the gap support zone. There was still a bullish Conversion and Base lines crossover that hints for potential upside ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. The MACD is strong and bullish. We are likely to see price resuming its upward momentum to move higher.

Strategy
$267.70 Buy
$341.40 Price Target
$242.00 Risk Management Stop
2 weeks Trade Duration

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