Thoughts on BYD?
Hey everyone, I have a setup here today $BYD COMPANY(01211.HK$
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices would rise and drop from sell entry at 287.2 where the pullback resistance is to the take profit at 244.4 in line with 50% fibonacci retracement, 61.8% fibonacci projection and overlap support. Alternatively, prices could break entry structure and rise to stop loss at 332.0 where the swing high resistance is.
Entry: 287.2![]()
Take profit: 244.4![]()
Stop loss: 332.0![]()
$BYD 5xLongSG230202(DLCW.SG$
$BYD 5xShortSG230202(DZWW.SG$
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices would rise and drop from sell entry at 287.2 where the pullback resistance is to the take profit at 244.4 in line with 50% fibonacci retracement, 61.8% fibonacci projection and overlap support. Alternatively, prices could break entry structure and rise to stop loss at 332.0 where the swing high resistance is.
Entry: 287.2
Take profit: 244.4
Stop loss: 332.0
$BYD 5xLongSG230202(DLCW.SG$
$BYD 5xShortSG230202(DZWW.SG$
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