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BYD Co Ltd (SGX: HYDD) – Building a Cause, Expecting Tactical Short term Rebound

 



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

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