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