Bearish momentum for BYD?

2022-05-20

Hi guys! Anyone considering shorting $BYD COMPANY(01211)$ ?

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[Smile]

Take profit: 228.6[Happy]

Stop loss: 280.6[Cry]

$BYD 5xLongSG230202(DLCW.SI)$

$BYD 5xShortSG221115(MHLW.SI)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Timtan85
2022-05-23
Timtan85
Ok short
Wizard Wasu
2022-05-22
Wizard Wasu
Thx
Shank88
2022-05-20
Shank88
drop
erichosk
2022-05-20
erichosk
ok
CalvinCougar
2022-05-20
CalvinCougar
sure?
SafetyFirst
2022-05-20
SafetyFirst
k

Leave a comment

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Anyone considering shorting <a target=\"_blank\" href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$</a>&nbsp;?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[Smile]&nbsp;Take profit: 228.6[Happy]&nbsp;Stop loss: 280.6[Cry]&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DLCW.SI\">$BYD 5xLongSG230202(DLCW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/MHLW.SI\">$BYD 5xShortSG221115(MHLW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/8c018c906aaa3b9d2b21efbb3b8ca18c\" tg-width=\"632\" tg-height=\"259\"></body></html>","htmlText":"<html><head></head><body>Hi guys! Anyone considering shorting <a target=\"_blank\" href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$</a>&nbsp;?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[Smile]&nbsp;Take profit: 228.6[Happy]&nbsp;Stop loss: 280.6[Cry]&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DLCW.SI\">$BYD 5xLongSG230202(DLCW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/MHLW.SI\">$BYD 5xShortSG221115(MHLW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/8c018c906aaa3b9d2b21efbb3b8ca18c\" tg-width=\"632\" tg-height=\"259\"></body></html>","text":"Hi guys! Anyone considering shorting $BYD COMPANY(01211)$ ? There is an area of confluence between 38.2% fibonacci retracement, 100% fibonacci projection and 61.8% fibonacci retracement. 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