BY6 trade ideas
BYD Company starting to see movementOne of my favs: BYD, starting to see movement now that Cov fud is dying out. $BRK.A bought a stake in 2008. In China, you'll notice taxis in many cities are all BYD EVs, yet this stock hasn't seen the love $TSLA has. It's also worth mentioning it's a profitable company. Balance sheet looks okay-ish, and it should be a big winner during the big switch to EVs (also consider that Xi Jin Ping is forcing Chinese people to buy EVs in the near future.) Should hit top of the triangle, and hopefully break up to de moon
BYD Long Bias1. Price just got rejected on the weekly structure with a bearish engulfing.
2. We will be looking to see if it test the expanding triangle. more aggressive players might want to take it when it reaches the structure support with 47.6 .
3. Personally prefer it to close above the weekly structure.
[Long term] BYDI am waiting for price to drop to the 3.5 region to acquire positions. I think we can be heading to the 50s, which is a very good r/r proposition, even if the investment is a writeoff - IMHO
BYD CO Longafter watching all previous rebuy levels being reached within a short time i have now set buy stop at 7 which was the last rebuy level of this wave 4 downwards.
Expecting little to no big price action during the month of may.
This is another one of my longterm investments with soft targets around 20
BYDDFBYD the Chinese Tesla is currently on a retracement trail. I am placing 3 buy limits as usual.
for a starter position i will place a buy for a quarter position @8,79 later half a position @8,25 and a 1,25 position @7,72
