Thoughts on BYD: a possible sell opportunity

Good day traders!

We're looking at a potential buy setup for $Boeing(BA.US)$

And here is why:

1.) The price has been in a descending trend and below ichimoku cloud

2) The price is showing a pullback trend, we expect to sell at 202, where is the overlap resistance

3) The price may drop to the swing low at 164, which is in line with the 78.6% fibonacci projection.

Does anyone have a similar bearish view?

Trade Entry recommendations:

Buy Entry: 202.2

Take Profit: 164.2

Stop Loss: 224.6

Other tickers to recommend:

For 5x Long Leverage: $BYD 5xLongSG230202(DLCW.SG)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

36K Views

Comment

4Followers

1Following

3Visitors