Remain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
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...
In 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...
I expect BYD to fall to $166.8 given the following:
1. Price fall before trendline cut = price fall after trendline cut
2. Fibonacci extension level of wave 5 (of C) = 1.618 of wave 1 (of C).
BWD : Patience
Looking for the range bottom at 18eur.
Following Tesla on the way up, in case this holds true would align with a bounce at 18Eur.
Between 18eur and 9eur no retest happened a lack of liquidity can spiral price lower into this zone.
Hello ladies and gentlemen, according to my chart analysis of the CHINA STOCK 002594.
Elliote wave compeleted And wave A correction completed too.
Not only that but we have retest on the 62% fibonacci.
There is a high probability of an rise in the next few weeks.
For more details contact me.
BYD’s (1211) EMA10-EMA20 and MACD suggest prices could continue its downward trajectory. Prices are also below the HKD200 psychological level. Hence BYD could retest either the HKD176 or HKD165 support. However, a daily close above HKD220, which was also the EMA20, could propel prices towards the 31 August 2022’s gap down of HKD245.
Hello Traders,
BYD is on path with my forecast. The stock has declined to new lows, and this down-sequence isn't done yet!
On Friday, wave ((3)) has finished @ HK$ 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),...
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...
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...
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...
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...
Something 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...
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...
