BYD Company Stock Code 1211.HKE
The price correction was supported by the cloud and managed to hold above the cloud, keeping the bullish trend intact. The price correction could have been completed and a rally could be about to resume to test the previous high of $319.32. The lagging span is below price of 26 days ago but is above the cloud. MACD remains bullish and could be turning around just below the zero line. We think price is likely to move higher to the previous high at $319.32 in the next 2-3 weeks.
$319.00 Price Target
$278.50 Risk Management Stop
3 weeks Trade Duration