BYD Company Ltd (SGX: HYDD) – Building a cause, expecting tactical short term rebound Headlines reporting November EV sales decline, while BYD Chart suggests downside pressure is moderating. Thus, we expect price to stabilise at current area after a prolonged pullback, with tactical rebound. The FFI indicator is showing clear supply exhaustion, with relative strength versus the Hang Seng Index turning up. Price is building a cause around the 95–100 zone, forming a base. Trade Setup: Entry: 97–100 zone Target 1: 103.4 Target 2: 114.6 Stretch Target: 125.8 Stop: Below 92.15 This is a tactical rebound trade, not a long-term trend call. Disclaimers apply
Ping An Insurance (2318 HK): Potential Entry Into Markup Phase Ping An has almost complete a long Wyckoff accumulation and is now testing the HKD 60 resistance level. A strong close above 60 would confirm a Sign of Strength and begin a markup phase. On Friday, Morgan Stanley added Ping An to its focus list, kept an Overweight rating, and raised its H-share target to HKD 89. The stock jumped over 6 percent on the news. Short-Term Trade Setup • Stop-loss: Close below HKD 54–55 • Targets: HKD 75–78, then HKD 85–89 Technical structure and the MS upgrade create a favourable setup for upside continuation. http://www.aastocks.com/en/stocks/analysis/stock-aafn-con/2318/HK6/NOW.1488699/hk-stock-news Disclaimer apply