Byd Company Ltd Adr BYDDY Pivot Points

October 15, 2021, 17:15 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This Byd Company Ltd Adr (NASDAQ: BYDDY) report was produced using proprietary algorithums developed by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify the best strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BYDDY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BYDDY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BYDDY too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for BYDDY

• Buy BYDDY slightly over 62.55 target 74.15 stop loss @ 62.37 Details

The technical summary data tells us to buy BYDDY near 62.55 with an upside target of 74.15. This data also tells us to set a stop loss @ 62.37 to protect against excessive loss in case the stock begins to move against the trade. 62.55 is the first level of support below 70.62 , and by rule, any test of support is a buy signal. In this case, support 62.55 is being tested, a buy signal would exist.

• Short BYDDY under 74.15, target 62.55, stop loss @ 74.36 Details

The technical summary data is suggesting a short of BYDDY as it gets near 74.15 with a downside target of 62.55. We should have a stop loss in place at 74.36though. 74.15 is the first level of resistance above 70.62, and by rule, any test of resistance is a short signal. In this case, if resistance 74.15 is being tested, a short signal would exist.

Swing Trading Plans for BYDDY

• Buy BYDDY slightly over 74.15, target n/a, Stop Loss @ 73.94 Details

If 74.15 begins to break higher, the technical summary data tells us to buy BYDDY just slightly over 74.15, with an upside target of n/a. The data also tells us to set a stop loss @ 73.94 in case the stock turns against the trade. 74.15 is the first level of resistance above 70.62, and by rule, any break above resistance is a buy signal. In this case, 74.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BYDDY near 74.15, target 70.01, Stop Loss @ 74.36. Details

The technical summary data is suggesting a short of BYDDY if it tests 74.15 with a downside target of 70.01. We should have a stop loss in place at 74.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BYDDY

• Buy BYDDY slightly over 71.15, target 74.15, Stop Loss @ 70.98 Details

If 71.15 begins to break higher, the technical summary data tells us to buy BYDDY just slightly over 71.15, with an upside target of 74.15. The data also tells us to set a stop loss @ 70.98 in case the stock turns against the trade. 71.15 is the first level of resistance above 70.62, and by rule, any break above resistance is a buy signal. In this case, 71.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BYDDY near 71.15, target 70.01, Stop Loss @ 71.32. Details

The technical summary data is suggesting a short of BYDDY if it tests 71.15 with a downside target of 70.01. We should have a stop loss in place at 71.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 71.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BYDDY Ratings for October 15:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	51.99
P2	69.24	67.63	62.55
P3	71.15	70.01	74.15

Support and Resistance Plot Chart for BYDDY

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