Hello Traders,
BYD, the Chines EV-carmaker has risen (once more) to a new ATH at HK$ 164.- this morning. My price target called out at my latter analysis at HK$ 170 is close to be reached.
The move from the lows at HK$33.60 on March 23 is developing in a „base-channel“ (blue channel lines). The breakout of this channel, on July 3, gives more confidence that a wave...
Hello Traders,
my latter analysis for BYD was so to read:
„BYD, the Chinese carmaker has risen to new ATH`s this morning. It closed trading at HK$13.45 and gapped above the former resistance level of HK$ 129.8.“
Today, BYD, the Chinese EV maker set the next All-time-high at HK$ 145.60 on a closing and intraday basis. Orders for the companies best selling car, the...
Hello Traders,
BYD, the Chinese carmaker has risen to new ATH`s this morning. It closed trading at HK$13.45 and gapped above the former resistance level of HK$ 129.8.
I have labeled the chart as an impulsive move that is close to an end or it will subdivide into a series of „ones and two`s“!
Using the RSI indicator to check the technical structure, there is to...
HONG KONG HSI: BYD COMPANY #1211
Daily & Weekly chart has no divergence yet, still look uptrend in mid-term.
Disclaimer:
This is not trade suggestion.
All analysis here is for tutorial purpose only.
BYDDF is both EV manufacturer and EV component supplier.
Since the market crashed in Sept.3, it has been the second best performing EV stock behind WKHS.
For now, I believe BYDDF's momentum is overextended and it is due for the pullback.
Hello Traders,
BYD made a low on the week of March 23 in 2020 @ 33.5 and advanced strongly since. This low could be a wave „((X))“ with a wave „((Y))“ to follow.
Why do I think that?
Well, the first leg of advance, starting end of September 2005 is clearly a „three-up“! This indicates a „corrective“ advance as I mentioned before.
The move that developed from the...
As per the previous idea the prices reversed exactly from predicted level.
The expected price for reversal is based on a very strong support and resistance level.
Due to the future moving to electrical cars, Warren Buffet investing in the company few years ago and China wanting to reduce pollution.
The accompanying chart is my expectation for BYD.
In light of TSLA and Workhorse and other EV successes, maybe this ADR is a worthy gamble. Buffet owns 10%.
There's Youtube video of Elon laughing at BYD in a Bloomberg interview, mainly because their cars are very boring and his aren't.
They were #2 in global EV sales in 2019.
One of my favs: BYD, starting to see movement now that Cov fud is dying out. $BRK.A bought a stake in 2008. In China, you'll notice taxis in many cities are all BYD EVs, yet this stock hasn't seen the love $TSLA has. It's also worth mentioning it's a profitable company. Balance sheet looks okay-ish, and it should be a big winner during the big switch to EVs (also...
1. Price just got rejected on the weekly structure with a bearish engulfing.
2. We will be looking to see if it test the expanding triangle. more aggressive players might want to take it when it reaches the structure support with 47.6 .
3. Personally prefer it to close above the weekly structure.
I am waiting for price to drop to the 3.5 region to acquire positions. I think we can be heading to the 50s, which is a very good r/r proposition, even if the investment is a writeoff - IMHO
![BYDDF: [Long term] BYD](https://s3.tradingview.com/x/xQjzQb3t_mid.png "[Long term] BYD")
