hi guys! anyone looking to go long for $BYD COMPANY(01211)$ ?
With price moving above the ichimoku cloud on the H4, we have a bullish bias that price will rise from the buy entry at 280.2 in line with the 38.2% fibonacci retracement at the overlap support to the take profit at 323.6 at the swing high. Alternatively price may break the support structure to the entry and drop to the stop loss at 253.2 in line with the 61.8% fibonacci projection.
Let me know what you guys think!
Buy entry:280.2[Smile]
Take profit:323.6[Miser]
Stop loss: 253.2[Cry]
if you wish to leverage on this, consider using DLCs:
$BYD 5xLongSG230202(DLCW.SI)$
$BYD 5xShortSG230202(DZWW.SI)$
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