CFD Trading – Buy BYD Company (1211.HKE) at $243.60. Stop at $222.30 and Target at $271.00.

BYD COMPANY   Stock Code 1211.HKE


Price broke and closed above its recent price high, forming a higher high and higher low price pattern, which is the characteristics of an uptrend. Price also broke above a small Ichimoku V-shaped structure, hinting at a trend reversal. Conversion and Base lines remain in a bullish crossover. MACD has a bullish crossover and is moving higher, suggesting increased upward momentum. The overhead cloud resistance is relatively thin. We are likely to see price penetrating above the cloud to move higher to HK$272.03.


$243.60              Buy

$271.00              Price Target

$222.30              Risk Management Stop

2 weeks             Trade Duration

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