In my earlier post on BYD, $BYD COMPANY (01211.HK)$ sat on a support level of around 200.
Mentioned in the post that price must trade above 205 to show more bullishness. This did not happen. Eventually, price headed lower.
Now the stock retested the same support again and rebounded. The retest shows that support is firmed at the 200 level.
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Short-term trading instruments:
$BYD MB eCW240703 (V2BW.SG)$
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Quick post.
From the chart below which I mapped out earlier, $BYD COMPANY (01211.HK)$ was resisted around 218.
Now price is supported at the zone mapped.
Again, the price must trade above 205 for more bullish movement to come.
Currently, showing a bullish pin bar.
Hit the follow me button for fresh insights.
Short-term trading instruments:
$BYD MB eCW240703 (V2BW.SG)$
$BYD 5xLongSG250904 (DKOW.SG)$

In this video, I covered on key levels in $BYD COMPANY (01211.HK)$.
The resistance level at 218 as said in the video below. Watch to know why I am interested in BYD.
As can be seen from the chart, resistance at 218 is clearly shown by price action.
However, if the price can consolidate in a flattish manner, without trading below 205, then there is a chance for an upward break.
Hit the follow me button for fre...

In my video on $BYD COMPANY (01211.HK)$, I mentioned that the stock is nearing a strong resistance level at 218.
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 wa...

The recent rise of $XIAOMI-W (01810.HK)$ Xiaomi stock (up 12% in a single day driven by the launch of Xiaomi EV model on March 28, 2024) gave a boost to the $Hang Seng TECH Index (800700.HK)$. Many EV stocks like $BYD COMPANY (01211.HK)$ and $LI AUTO-W (02015.HK)$ recovered as well.
In this video, I will analyse BYD if it signals a comeback for other beaten-down Chinese electric vehicle (EV) companies. We'll explore whether BYD is poise...