Share #3: $1211 (+0,76 %) : Byd Company
-> (more #aktientipps can be found as individual posts in my profile)
The share is currently still moving in a clear downtrendvisible on the downward sloping yellow trend line, which is repeatedly tested from below but cannot be broken through. A breakthrough with a subsequent retest could be the signal for a major trend reversal (similar to BABA recently).
- Trend break only confirmed if a higher high above 13,22 $ is formed.
- As long as lower highs + lower lows = classic downtrend.
- Entry idea: Breakout above the trend line and wait for a pullback.
📈 Setup idea
- Entry: Wait for the current level / breakout above the trend line + pullback to 12$. It is important not to act prematurely here, as the downtrend line has been a major resistance for months. All those who speculated prematurely on the breakout in recent months have lost money here.
- Stop: Below the last local low, at approx. 11,20 $
- Targets: TP1: 14.70 $ and TP2: 17,70 $
- Risk/reward ratio (R:R): also very attractive, approx. 7,3x
Conclusion: Exciting setup for traders looking for the trend break trade speculate on the trend break. Until then, however, BYD remains a pure watchlist candidate.
