BTS
2022-09-23

$BYD COMPANY(01211)$$BYD Co., Ltd.(BYDDY)$$Byd Company Limited(002594)$

Bearish Pennant

Stock make a dive initially back in Jul 2022 with a gap down on heavy volume

Went into lower volume consolidation before the next sell down in Aug 2022

Another small pennant build up along the way and another slump with gap down on heavy volume

Share price have since consolidating on low volume but potentially forming yet another bearish pennant (as drawn)

Failing to hold onto $213 would send the stock way back to $180

Resist : $230

Support : $180 (closed to Low back in Mar 2022)

Technical analysis challenge
Hi Tigers,I would like to invite you to join the technical analysis challenge, and you will win Tiger Coins and commission- free trades, and you may also obtain a chance to win a stock voucher worth up to USD 50.
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

  • Andie8392
    2022-09-23
    Andie8392
    thanks for sharing .. good post
  • MortimerDodd
    2022-09-26
    MortimerDodd
    BYD further decline is a high probability event, let's be careful.
  • BellaFaraday
    2022-09-26
    BellaFaraday
    The diminishing volume means that no one wants to sell the stock anymore.
  • PandoraHaggai
    2022-09-26
    PandoraHaggai
    I didn't expect BYD's recent performance to be so poor.
  • SGboy
    2022-09-23
    SGboy
    Thanks for sharing.
  • ElvisMarner
    2022-09-26
    ElvisMarner
    This stock is on a downward trajectory.
Leave a comment
57
3