BYD Co., Ltd.
Long
Updated

Perhaps we see an upside move?

453
BYDDY tested and retested a prior resistance area and it served as support not once but twice. Where to from here?? Hint: I'm bullish.
Trade active
A wick below our horizontal line of support is fine. We saw how it was immediately bought up. What we dont want to see if a higher timeframe closure below this support line. No daily's much less weekly's. As long as BYDDY is closing higher timeframe candles ABOVE the $12.26 level upward grind is expected. Growth in the EV market will be slow but in the long term it will overtake gasoline power vehicles. This is simply my take and I could be wrong on this.
Happy trading/investing.

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