To The Moon

EV stocks dropped in morning trading. Tesla, NIO, Li Auto and XPeng fell 3%; Rivian fell 6%.

$BYD COMPANY(01211)$$BYD Co., Ltd.(BYDDY)$$Byd Company Limited(002594)$Bearish PennantStock make a dive initially back in Jul 2022 with a gap down on heavy volumeWent into lower volume consolidation before the next sell down in Aug 2022Another small pennant build up along the way and another slump with gap down on heavy volumeShare 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 $180Resist : $230Support : $180 (closed to Low back in Mar 2022)