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
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
BYD COMPANY Stock Code 1211.HKE
Outlook
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.
Strategy
$243.60 Buy
$271.00 Price Target
$222.30 Risk Management Stop
2 weeks Trade Duration
BYD Company Stock Code 1211.HKE
Outlook
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.
Strategy
$288.50 Buy
$319.00 Price Target
$278.50 Risk Management Stop
3 weeks Trade Duration
BYD COMPANY Stock Code 1211.HKE
Outlook
The bullish trend remains intact as price is still trading above the cloud. The recent price decline was halted at the Base line support, which is also the gap support zone. There was still a bullish Conversion and Base lines crossover that hints for potential upside ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. The MACD is strong and bullish. We are likely to see price resuming its upward momentum to move higher.
Strategy
$267.70 Buy
$341.40 Price Target
$242.00 Risk Management Stop
2 weeks Trade Duration
