19.08.2020
#BYD (HKEX)
The overall trend is upward. A false breakout of the support level of 70.30 has formed, after which a hammer (a reversal candlestick pattern) has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator has been indicating an oversold condition for a long time.
Trading recommendations:
Buy when a 1-2-3 ascending pattern is formed.
Stop Loss: local minimum.
Target levels: 77.56; 89.50.
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