The chart is based on today's hammer doji candle. I am projecting a head and shoulder pattern. A weekly close at 36 is very positive.
As per the previous idea the share have reversed from 15. Currently I expect it to go down to create the right shoulder of a head and shoulders pattern around a very strong support level. The volume is decreasing as the stock is moving down is a sign of lack of interest in selling. As per my expectation of Elliott wave analysis we are in wave 2 and wave 3 is next.
I have proposed 3 different scenarios for the price movement taking into consideration that the trend is broken which signals change of direction. I have added support and resistance levels as well. As we could see that with the decline the volume is decreasing signaling lack of interest in selling. Good luck and safe trading.
My long term buy outlook for the Stock
Due to the future moving to electrical cars, Warren Buffet investing in the company few years ago and China wanting to reduce pollution. The accompanying chart is my expectation for BYD.
This is my projection for the stock for the next 12 months
This is my projection for the above stock.
Theis my long term projection for the above stock
My long term outlook for Brilliance
Currently Bossini has broken a multi year 2 down trend lines. We are waiting for the end of the month to have a close above the second trend line. As you can see from the increased volume on the way up and decreasing volume on the way down this is usually a very positive sign. Important resistance levels are displayed.
In my reading of the Elliottwave structure and previous idea posted on the day of the bottom in Bitcoin, I see it falling further to the area around 5500 and from there to minimum 18300 and possibly 20000. Good luck and trade safely
This my outlook for the pair for this year.
My expectation for the pair to behave in the 2-3 years
Sell and aim for lower trend line. should go fast to target.
My alternative expectation for Cable wave patterns mixing different schools of analysis.