Hello Traders,
in € BYD has set a new ATH €41.85 yesterday.
At stock exchange Hong Kong, the stock is trading @ 319 HKD this morning.
Price is on path as I determined; it ranges from 380.- – 400.- HKD!
It is the upper trend line of the channel, depending on if and when it will be achieved.
Support zone ranges from 288 to 278 HKD.
The move since the ATH is a waves a-b (done), and a waves c to follow. This wave should end at or around the support level. Recall, that it also can morph into waves w-x-y; in this case, it would end above the level of 308.- HDK!
Update is following at the next days.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
in € BYD has set a new ATH €41.85 yesterday.
At stock exchange Hong Kong, the stock is trading @ 319 HKD this morning.
Price is on path as I determined; it ranges from 380.- – 400.- HKD!
It is the upper trend line of the channel, depending on if and when it will be achieved.
Support zone ranges from 288 to 278 HKD.
The move since the ATH is a waves a-b (done), and a waves c to follow. This wave should end at or around the support level. Recall, that it also can morph into waves w-x-y; in this case, it would end above the level of 308.- HDK!
Update is following at the next days.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!