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Binni Ong wrote a post · Mar 14 23:11

BYD (1211.hk) exactly at the levels mentioned. Worth a look for short-term trading.

In my video on $BYD COMPANY(01211.HK)$, I mentioned that the stock is nearing a strong resistance level at 218.
BYD (1211.hk) exactly at the levels mentioned. Worth a look for short-term trading.
Price was nicely resisted, and headed lower towards 207.40 at the time of writing.
If traders are to trade a short DLC when $BYD COMPANY(01211.HK)$was at 218, an estimated price of $BYD 5xShortSG241209(DWOW.SG)$ was trading around 0.55.
One day later, when the stock price fell to 207, the same DLC was trading at around 0.68.
If sell BYD stock => 218-207.40 = 10.9/218 = 5%
If buy a short DLC instead => 0.68-0.54 = 0.14/0.68 = 20%
BYD (1211.hk) exactly at the levels mentioned. Worth a look for short-term trading.
Next key levels to note:
Support around 200 and 205.
I will be watching whether support for BYD is holding well for short-term trading.
Short-term tradeable instruments:
Hit the follow me button for fresh insights!
Do watch my video on my thoughts on $BYD COMPANY(01211.HK)$
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    Binni Ong
    SGX Academy Trainer | International Speaker | Angel Investor | Automated System Developer | Made first pot Gold at 18
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