CFD Trading – Buy BYD Company (1211.HKE) at $201.60. Stop at $186.50 and Target at $240.00.

BYD COMPANY   Stock Code 1211.HKE

Outlook

The chart outlook has turned bullish as price broke and closed above the cloud in the previous trading session. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. MACD is bullish and is turning up, and a bullish crossover is likely. These could increase chances of the stock price moving higher in the next 1-2 weeks.

Strategy

$201.60              Buy

$240.00              Price Target

$186.50              Risk Management Stop

2 weeks             Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.