Hello Traders,
BYD, the Chinese electric vehicle car-maker, is on the run to set a new ATH in HK$!
Not yet it happened, but it is a „question“ of days to my view.
BYD has sold, 144203 from January-April 2022 electric units, placed on 3rd ; after SAIC and TESLA.
In April, it sold 104854 units in Plugin vehicle. These are stunning numbers!
And BYD is only selling his cars in China!
For the chart to speak, BYD is moving in a trending channel, and the target area ranges from 256 HK$ to 370.6 HK$, depending on if and when it will be achieved.
On the other hand, there is potential to decline to the mid-line of the channel, which is running @ 250 area for the month of June.
Short term the stock is a bit „over-bought“ (Slow Stoch; 13,5,8) and there could be a „pause“ in the trend.
At 309.8 HK$ there is the ATH based on a closing price and it needs to take this out of market to set a new buy-signal.
Anyway, it is a remarkable number of sales and I think BYD will be one of the important players in that market for the future.
Have a great week.....
Ruebennase
BYD, the Chinese electric vehicle car-maker, is on the run to set a new ATH in HK$!
Not yet it happened, but it is a „question“ of days to my view.
BYD has sold, 144203 from January-April 2022 electric units, placed on 3rd ; after SAIC and TESLA.
In April, it sold 104854 units in Plugin vehicle. These are stunning numbers!
And BYD is only selling his cars in China!
For the chart to speak, BYD is moving in a trending channel, and the target area ranges from 256 HK$ to 370.6 HK$, depending on if and when it will be achieved.
On the other hand, there is potential to decline to the mid-line of the channel, which is running @ 250 area for the month of June.
Short term the stock is a bit „over-bought“ (Slow Stoch; 13,5,8) and there could be a „pause“ in the trend.
At 309.8 HK$ there is the ATH based on a closing price and it needs to take this out of market to set a new buy-signal.
Anyway, it is a remarkable number of sales and I think BYD will be one of the important players in that market for the future.
Have a great week.....
Ruebennase
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。