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

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Comment（57）

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  • Andie8392
    ·2022-09-23
    thanks for sharing .. good post
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  • MortimerDodd
    ·2022-09-26
    BYD further decline is a high probability event, let's be careful.
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  • BellaFaraday
    ·2022-09-26
    The diminishing volume means that no one wants to sell the stock anymore.
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  • PandoraHaggai
    ·2022-09-26
    I didn't expect BYD's recent performance to be so poor.
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  • SGboy
    ·2022-09-23
    Thanks for sharing.
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  • ElvisMarner
    ·2022-09-26
    This stock is on a downward trajectory.
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  • EvanHolt
    ·2022-09-26
    Hopefully BYD will find support at 180,
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  • CET 789
    ·2022-09-25
    [Cool] [Cool] [Cool]
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  • Becker.224
    ·2022-09-24
    hdhdhdjdjd
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  • Nelli Wei
    ·2022-09-23
    Thanks for sharing
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  • TKY1978
    ·2022-09-26
    [Smile]
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  • rachelf1123
    ·2022-09-26
    Thanks
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  • Ryhere
    ·2022-09-26
    Ok
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  • Alvis89
    ·2022-09-26
    Go od
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  • Khoo12
    ·2022-09-26
    K
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  • Ivanswh
    ·2022-09-26
    👍🏼
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  • 虎威将
    ·2022-09-26
    JY
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  • Dannyang
    ·2022-09-26
    阅
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  • CMark
    ·2022-09-26
    [强]
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  • Bobjojuki
    ·2022-09-26
    ye
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