BYD COMPANY Stock Code 1211.HKE
Outlook
Price rebounded after being supported by the conversion line support, which is also near to the Fibonacci 38% correction point. Conversion and base lines remain in a bullish crossover. The lagging span is above the cloud and the price of 26 days ago, confirming the bullish momentum. MACD is bullish now. These could increase chances of the stock price moving higher to HK$263 in the next 1 to 2 week.
Strategy
$227.40 Buy
$263.80 Price Target
$218.00 Risk Management Stop
2 weeks Trade Duration
