Nov. 15 at 12:49 AM
$BYD: The last close at
$79.78 is slightly below the 30-day moving average (MA30) of
$81.33, indicating a potential bearish sentiment in the short term. The RSI of 50.76 suggests neutral momentum, with no strong overbought or oversold conditions. The stock is currently trading within a 60-day high of
$88.49 and a low of
$76.33, indicating a range-bound market.
Directional bias leans bearish due to the price being below both MA30 and MA50, which could signal further downside potential. Suggested entry point is around
$78.50, just above the recent low. Set a stop loss at
$76.00 to limit potential losses.
Target 1 is set at
$81.00, aiming for a move towards the MA30, while Target 2 is at
$83.00, approaching the MA50. This plan allows for a risk-reward ratio that aligns with current market conditions.
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