BYD enough momentum to cross over the 200 SMA this time!
Hello Traders!
After bouncing off of the 200 SMA in June and recovering from its low, the price of BYD is gaining a lot of upward momentum again. The MACD has recently crossed over the 9 EMA and looks very positive. The RSI is a good bit away from overbought, and the 50 SMA has crossed over the 100 SMA, as it will cross over the 200 SMA quite soon. My bet is that this time, the upward momentum is enough to break through the 200 SMA and reach at least the 27.76 support/resistance, if not even 30.84.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
After bouncing off of the 200 SMA in June and recovering from its low, the price of BYD is gaining a lot of upward momentum again. The MACD has recently crossed over the 9 EMA and looks very positive. The RSI is a good bit away from overbought, and the 50 SMA has crossed over the 100 SMA, as it will cross over the 200 SMA quite soon. My bet is that this time, the upward momentum is enough to break through the 200 SMA and reach at least the 27.76 support/resistance, if not even 30.84.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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