Trade Idea for BYD (HKEX)

BYD (HKEX)

#BYD

    The trend is bearish. The bullish wave structures are truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell upon the formation of a new bearish wave structure, where wave (A) breaks below the ascending channel of the truncated bullish structure.

Stop Loss – 101.15.

Target levels – 94.00; 89.70.