Bearish momentum for BYD?
Hi guys! Anyone considering shorting $BYD COMPANY(01211.HK$?
There is an area of confluence between 38.2% fibonacci retracement, 100% fibonacci projection and 61.8% fibonacci retracement. I am considering placing my take profit at this level of 228.6 and my stop loss at the swing high level at 280.6.
Sell entry: 269.6
Take profit: 228.6
Stop loss: 280.6
$BYD 5xLongSG230202(DLCW.SG$
$BYD 5xShortSG221115(MHLW.SG$
There is an area of confluence between 38.2% fibonacci retracement, 100% fibonacci projection and 61.8% fibonacci retracement. I am considering placing my take profit at this level of 228.6 and my stop loss at the swing high level at 280.6.
Sell entry: 269.6
Take profit: 228.6
Stop loss: 280.6
$BYD 5xLongSG230202(DLCW.SG$
$BYD 5xShortSG221115(MHLW.SG$
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