Investment Opportunity BYDI'm expecting the price to continue the bullish trend, we can see the price reacting on the demand zone and broke the structure upside.
Trade ideas
BYD: Engine Breakdown 🚘We consider the recent setback merely as part of the substructure of the magenta wave (1). This wave should lead to a sustained rise above the resistance line at HK$280.60. However, our 30% probable alternative scenario should also be noted. This would attest to the corrective nature of the upward movement that has been underway since February. Although the price should continue above HK$280.60 in this case, a significant sell-off should then set in, which would take the price to complete the green wave alt. below the support at HK$161.70.
BYD's Earnings Rollercoaster: Price Wars and Global DemandsIn a recent filing with the Shenzhen Stock Exchange, BYD Co. ( NYSE:BYD ) announced a robust surge in its 2023 net income, projecting an increase of 75% to 86.5% compared to the previous year. Despite this impressive growth, the company fell short of analyst expectations, sparking a 5.44% drop in NYSE:BYD shares and extending losses to roughly 37% over the past year. The complex dynamics of a price war in China, fluctuating global demand, and geopolitical tensions have shaped NYSE:BYD 's financial landscape, offering investors a unique narrative to decipher.
I. Electric Vehicle Sales Triumph:
NYSE:BYD 's ascent to become the top electric vehicle (EV) maker by sales in the final quarter of 2023, outpacing industry giant Tesla, marked a significant milestone for the Chinese automaker. Bolstered by soaring sales in China, NYSE:BYD delivered 526,409 fully electric cars, surpassing Tesla for the first time. The impressive feat was attributed to BYD's extensive lineup of more affordable EV models, highlighting the company's strategic positioning in the world's largest auto market.
II. Price War Woes:
Despite the stellar sales performance, NYSE:BYD faced the challenges of a price war in China's fiercely competitive EV landscape. In a bid to achieve annual delivery targets, the Shenzhen-based company implemented aggressive discounts, slashing prices on popular models like Qin, Han, and Tang by as much as 10,000 yuan. The impact of this pricing strategy has been reflected in NYSE:BYD 's earnings report, where net income fell short of the average analyst estimate.
III. Geopolitical Scrutiny:
NYSE:BYD 's success has not shielded it from geopolitical tensions, as the company finds itself under the European Commission's anti-subsidy investigation. Alongside two other carmakers, NYSE:BYD faces scrutiny to determine if state support from the Chinese government has provided an unfair advantage. Navigating this investigation adds a layer of uncertainty to NYSE:BYD 's future, as regulatory challenges could potentially impact the company's global operations.
IV. Slower Growth Pace and Profitability:
While NYSE:BYD 's net profit is expected to show a remarkable increase, the growth rate in 2023 is notably slower than the exceptional 446% surge witnessed in 2022. Despite fierce industry competition, NYSE:BYD emphasizes significant improvement in profitability and resilience, attributing its success to factors such as rapid growth in overseas sales, a scale advantage, and efficient cost control within the supply chain.
V. Future Outlook:
NYSE:BYD 's foray into the Southeast Asian market with the unveiling of three battery EV models in Indonesia signals the company's ambitious expansion plans. As NYSE:BYD aims to secure the top market position in Southeast Asia's largest economy, the global EV landscape remains dynamic and unpredictable. Investors will closely watch how NYSE:BYD navigates the evolving industry landscape, responds to geopolitical challenges, and sustains its momentum in the face of intense competition.
Conclusion:
NYSE:BYD 's journey in 2023 has been characterized by triumphs in sales, challenges in pricing strategies, and the looming shadow of geopolitical scrutiny. The company's ability to navigate these complexities will shape its trajectory in the rapidly evolving electric vehicle market. As investors assess the risks and rewards associated with NYSE:BYD , the story unfolds as a compelling narrative of a company grappling with the highs and lows of a transformative industry.
BYD Long from $177: An updateThe original idea of long and bullish explosive up move HAS NOT changed. It's that now I expect price to move down slightly more before moving up.
BYD Long: Expecting Explosive Move UPI am expecting an ending diagonal and then an explosive move up. This is the time to LONG!
BYD Short: Price target of $166.8 by EOYI expect BYD to fall to $166.8 given the following:
1. Price fall before trendline cut = price fall after trendline cut
2. Fibonacci extension level of wave 5 (of C) = 1.618 of wave 1 (of C).
BWD : Patience BWD : Patience
Looking for the range bottom at 18eur.
Following Tesla on the way up, in case this holds true would align with a bounce at 18Eur.
Between 18eur and 9eur no retest happened a lack of liquidity can spiral price lower into this zone.
002594Hello ladies and gentlemen, according to my chart analysis of the CHINA STOCK 002594.
Elliote wave compeleted And wave A correction completed too.
Not only that but we have retest on the 62% fibonacci.
There is a high probability of an rise in the next few weeks.
For more details contact me.
BYDBYD’s (1211) EMA10-EMA20 and MACD suggest prices could continue its downward trajectory. Prices are also below the HKD200 psychological level. Hence BYD could retest either the HKD176 or HKD165 support. However, a daily close above HKD220, which was also the EMA20, could propel prices towards the 31 August 2022’s gap down of HKD245.
BYD.....Correction not yet finished!Hello Traders,
BYD is on path with my forecast. The stock has declined to new lows, and this down-sequence isn't done yet!
On Friday, wave ((3)) has finished @ HK$ 224.60, and wave ((4)) should start.
A target area for this scenario is at or around the HK$ 250 levels.
If Friday's low was not the end of waves((3)), (may a wave 3 of one lower degree has ended), the stock will stay right on his path for lower price in the coming week.
But keep in mind! As steeper the correcting moves, the less the probability for the count is given!
BYD has to charge his battery for a new impulse!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
BYD.....Correction within a wave c!Hello Traders,
since my latter analysis, BYD has made no progress.
Instead, it was declining to 260 area, where the bullish count would be negated for the moment.
I have revised the count.
As a result, I count BYD correcting within a waves c of (y) of ((ii))!
Today, waves (3) (Micro degree) could have end!?
If so, the next move will be to the upside, developing as an a-b-c, finishing waves ((4)). After a decline below today's low is in the cards; finishing waves ((5)) of c of (y) of ((ii))!
At the bigger picture, this move, if so to come, will end a large correction, and BYD will start a new impulse within a wave's 3! Targets for this scenario are well above seen levels.
Have a great week....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor is invested!
BYD.....Charging the battery!Hello Traders,
BYD bounced off the level @ 261 HK$, as I mentioned per my later analysis! In consequence, it ran to 302.-! This could be waves (i) or a wave a of (b) of ((ii))!
In the corrective case, at 325.80, waves c=a of (b), and the next move should be down to 245.80 HK$! This would complete waves (c) of ((ii))!
If the weakness to 261 HKD was all of the correction, the waves should extend to 333.- HKD from these levels or slightly lower areas!
A break of 261.- would negate the bullish view for a moment!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
BYD....Don`t panic! The situation is under control!Hello Traders,
yesterday, BYD dropped nearly 10 % at Exchange in Hong Kong.
It was a bit misty what was the cause. So, 225 Million stocks of BYD were listed at the clearing book in Hong Kong. This number is exactly the size, of which Buffet bought in 2008!
So, the rumors ran around, that he is likely to sell BYD stocks!
But, what reason Buffet should have to sell his stocks in BYD? In fact, the reason was, that Hong Kong exchange switched from physical stocks to electronic stocks! That's it!
Today, the stock rebound 5%!
But what does it suggest for my wave count?
One possible idea could be, that waves ((i)) and ((ii)) are done or close to be, and the next move is a rally in waves ((iii))! A break of 333 HKD opens the door to this idea.
A decline to 245.8 HKD is possible, would only retrace to the most possible level for a waves ((ii))!
So the next day's should be fascinating for BYD.
Have a great Friday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
BYD.....Waves c to lower levels in motion!Hello Traders,
in € BYD has set a new ATH €41.85 yesterday.
At stock exchange Hong Kong, the stock is trading @ 319 HKD this morning.
Price is on path as I determined; it ranges from 380.- – 400.- HKD!
It is the upper trend line of the channel, depending on if and when it will be achieved.
Support zone ranges from 288 to 278 HKD.
The move since the ATH is a waves a-b (done), and a waves c to follow. This wave should end at or around the support level. Recall, that it also can morph into waves w-x-y; in this case, it would end above the level of 308.- HDK!
Update is following at the next days.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
WATCH $1211 SOMETHING IS AMISSSomething caught our attention on the weekly chart on $1211 BYD Company Limited on the HKEX. While the price is making higher high, we observed that the momentum is making a lower low forming a bearish momentum divergence.
As you can see from the chart, each thrust momentum is diminishing forming a rising wedge which is a bearish price action.
We foresee the momentum extinguish at the 3rd oscillation and eventually price will break down from the rising wedge into a bear cycle.
Attractive R:R if you were to ask me.
To achieve what others won't, you have to do what others don't“
BYD.....She did it!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$286.60 the focus is to the upside with much bullish potential ahead.
A break of the 210 range would open the door for a longer correction, possibly!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
an other up channel will accurehello, this stock has a big oppotuinity to grow up more and more,
why?
As you see it tried to break out its channel several times by keeping its uptrend. so if you see it breaks up that up corridor stay at your buying position and blow up your earns.
targets are showen on my chart
NB: i don't have a cristal ball predicting markest' future but i try to be more efficientr and rationnal in my trading.
Good luck and let some feedbacks if you want more markets analysis (you can ask me other markets)
BYD.....Only one more step....to new ATH!Hello Traders,
BYD, the Chinese electric vehicle car-maker, is on the run to set a new ATH in HK$!
Not yet it happened, but it is a „question“ of days to my view.
BYD has sold, 144203 from January-April 2022 electric units, placed on 3rd ; after SAIC and TESLA.
In April, it sold 104854 units in Plugin vehicle. These are stunning numbers!
And BYD is only selling his cars in China!
For the chart to speak, BYD is moving in a trending channel, and the target area ranges from 256 HK$ to 370.6 HK$, depending on if and when it will be achieved.
On the other hand, there is potential to decline to the mid-line of the channel, which is running @ 250 area for the month of June.
Short term the stock is a bit „over-bought“ (Slow Stoch; 13,5,8) and there could be a „pause“ in the trend.
At 309.8 HK$ there is the ATH based on a closing price and it needs to take this out of market to set a new buy-signal.
Anyway, it is a remarkable number of sales and I think BYD will be one of the important players in that market for the future.
Have a great week.....
Ruebennase
BYD Launches Flagship 'Han' EV in Costa RicaThe sedan also debuted in other Central American countries.
BYD announced today that it has launched its flagship sedan Han EV in Costa Rica, in partnership with local distributor Corimotors.
"This cooperation will drive down carbon emissions to reach Costa Rica’s net-zero emissions goal by 2050," said Pedro Dobles, the General Manager of Corimotors.
"As BYD's flagship NEV sedan, the HAN EV has incredible driving performance with safety guaranteed. In the future, more BYD new energy cars will be introduced to provide local consumers with more options," Dobles added.
BYD launched the Han models in China last July – including the Han EV, an all-electric version with an NEDC range of 605 kilometers, and the Han DM, a hybrid model with a range of 81 kilometers on pure electric power.
Figures released by the company earlier this month show that Han sold 11,087 units in China in October, up 47 percent year-on-year and up 8 percent from September.
The Han EV sold 8,287 units in October, up 63.9 percent year-on-year, and the Han DM sold 2,800 units, up 12.4 percent year-on-year.
Cumulative BYD Han sales in China have reached 131,679 units since deliveries began in July last year, according to CnEVPost.
Notably, BYD is already one of the biggest players in the Costa Rican NEV market.
Earlier this month, BYD delivered 29 YUAN Pro EVs to a local Walmart, making it the largest all-electric EV fleet in Costa Rica.
Since 2020, BYD has been the top-selling NEV brand in Costa Rica, with a 30 percent market share in the local EV market, according to the company.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
When long strong resistance becomes support..BYD Company Limited ($BYDDF)
THE COMPANY:
BYD Company Limited, together with its subsidiaries, primarily engages in the research, development, manufacture, and sale of automobiles and related products worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Products; Mobile Handset Components and Assembly Service; and Automobiles and Related Products. The company offers internal combustion, hybrid, and battery-electric passenger vehicles; buses, coaches, and taxis; logistics, construction, and sanitation vehicles; and vehicles for warehousing, port, airport, and mining operations. It also manufactures and sells lithium-ion and nickel batteries, photovoltaic products, and iron batteries primarily for mobile phones, electric tools, and other portable electronic instruments; mobile handset components, such as housings and keypads; and automobiles, and auto-related molds and components, as well as provides assembly, and automobiles leasing and after sales services. In addition, it offers rail transit equipment; consumer electronics; and solar batteries and arrays, as well as involved in the urban rail transportation business.
THE TRADE:
Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand. When these support or resistance levels are broken, the supply and demand forces that created these levels are assumed to have moved, in which case new levels of support and resistance will likely be established.
A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role. (source: Investopedia)
Sales of new energy vehicles surged 148% in September, data from the China Association of Automobile Manufacturers showed, spurred by Beijing’s promotion of greener vehicles to cut pollution.
I'm long with a stop below the line.
Long term investment.
Trade safe!
BYD Elliot all time - now in A-B-CHello,
I've been watching BYD for quite a long time.
We've been through Elliot 1-5;A-C;1-5:
This suggests that this asset is riding those waves all day long.
My interpretation of the most recent price action:
We're now on the way from A to B and expecting to reach point C soon @Fibonacci 0.382 =(€27)
This level around 27€ would be my preferred long entry.
Currently we're at 32.15€ which might make a short position interesting: now to C is -16%
Finding a suitable stop loss is complicated though. I'd suggest 33.50€ as stop if you go short.
This is not financial advice.
BYD Reportedly to Raise Battery Prices by Over 20% Next MonthBYD's reasoning is that the raw materials for lithium batteries have been rising due to market changes, power restrictions, and production limitations.
BYD, China's largest new energy vehicle company, is also the second-largest local supplier of power batteries after CATL. As costs rise, the company is said to be raising the price of its batteries.
BYD will raise the unit prices of its battery products, including CO8M, by no less than 20 percent from November 1, the Securities Times said Tuesday, citing a document.
BYD argues that the raw materials for lithium batteries in 2021 continue to rise with the price of cathode material LiCoO2 rising by more than 200 percent and electrolyte prices rising by more than 150 percent.
Material supply continues to be tight, resulting in a significant increase in comprehensive costs, according to the Securities Times.
Since November 1, BYD and its customers will sign new contracts for new orders and implement new prices, and orders for old contracts that have not been completed will be closed and canceled, according to the report.
Local media cls.cn then quoted BYD insiders as saying that the information is currently being verified.
It's unclear whether CO8M batteries are power cells used in new energy vehicles, and public sources can't find an explanation of the term.
BYD is also one of the world's largest suppliers of batteries for cell phones and ranks second in China's power battery market.
Data released earlier this month by the China Automotive Battery Innovation Alliance showed that BYD's installed power battery capacity in China was 14.73 GWh from January to September this year, with a 16 percent market share.
CATL's installed capacity from January to September was 46.79 GWh, ranking first with a 50.8% market share.
It is worth noting that BYD's power cells are mainly supplied to itself and have been used in some other brands' new energy logistics vehicles since 2018.
This year Ford Mustang Mach-E and some FAW Hongqi models started using BYD's power cells.
In May, the Digi Times reported that with the price increase of China-made Tesla Model 3, rumors said CATL might follow with a 10 percent price increase.
The report mentioned that LFP raw material prices have jumped 50 percent this year, but battery suppliers have taken on the pressure of the price hike themselves for fear it would lead to lost orders.
Citing sources, the report said most LFP battery makers want CATL to take the lead in raising prices in response to the steep rise in LFP material costs, making it easy for the industry to follow suit.
CATL later responded that the report that its LFP battery offer would be raised was not true.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
