Chart Source: Poemsview 15th Sept 2020
BYD Company ( 1211.HK) one of the first few Hong Kong stocks which we started to share with our client as we continue to give value to our clients. It remained relatively strong despite the recent pullback and not even touching our support of $68.35.
Just a couple weeks back when we shared, BYD Company was $75 and in less than a month it has climbed to our target of $95. Up over 25%! That’s the wonder of the Hong Kong stock market. Of course the reverse is true that is why having a stop loss and sticking to it is important!
As for now , the next possible target might be around $100, a nice round whole number. But of course, nearing there we might see some resistance.
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