Hello Traders,
BYD did it. A new ATH in HKD @331.40 on a closing basis.
Also, a good indicator for higher price is, that this high occurs with a strong volume. So more Traders are willing to pay higher price for BYD and bought at the top.
My price target is valid, as I wrote in my later analysis. It is at or around HKD 380.- and it is the upper line of the trend channel.
As long as BYD is trading above HK$286.60 the focus is to the upside with much bullish potential ahead.
A break of the 210 range would open the door for a longer correction, possibly!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
BYD did it. A new ATH in HKD @331.40 on a closing basis.
Also, a good indicator for higher price is, that this high occurs with a strong volume. So more Traders are willing to pay higher price for BYD and bought at the top.
My price target is valid, as I wrote in my later analysis. It is at or around HKD 380.- and it is the upper line of the trend channel.
As long as BYD is trading above HK$286.60 the focus is to the upside with much bullish potential ahead.
A break of the 210 range would open the door for a longer correction, possibly!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!