What do you guys think about BYD?

Hey all ! Check out $BYD COMPANY (01211.HK)$ ~ Price broke out of the ascending trendline support, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 100% Fibonacci projection and 23.6% Fibonacci retracement towards take profit level in line with 50% Fibonacci retracement. My bearish bias is further supported by the Ichimoku Cloud indicator where price is holding below it.

Potential Pivot level @ 265.4
Potential Take Profit level @ 235.8
Potential Stop Loss level @ 282.4