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!
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!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.