CFD Trading – Buy BYD Company (1211.HKE) at $295.50. Stop at $275.50 and Target at $333.00.

BYD COMPANY Stock Code 1211.HKE

Outlook

Price is currently moving inside the cloud, and the cloud is acting as the key support at the moment. A bullish conversion and base lines crossover could be likely in the coming session, hinting at potential upside ahead. MACD is turning up and could be forming a bullish MACD crossover in the near term. These could increase chances of the stock price moving higher in the next 1-2 weeks.

Strategy                  

$295.50              Buy

$333.00              Price Target

$275.50              Risk Management Stop

2 weeks              Trade Duration

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