When Byd Company Ltd Adr (BYDDY) Moves Investors should Listen

January 20, 2022, 08:45 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Byd Company Ltd Adr (NASDAQ: BYDDY) report below is a real world example. Included are trading plans for BYDDY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for BYDDY

• Buy BYDDY slightly over 60.71 target 71.22 stop loss @ 60.53 Details

The technical summary data tells us to buy BYDDY near 60.71 with an upside target of 71.22. This data also tells us to set a stop loss @ 60.53 to protect against excessive loss in case the stock begins to move against the trade. 60.71 is the first level of support below 66.75 , and by rule, any test of support is a buy signal. In this case, support 60.71 would be being tested, so a buy signal would exist.

• Short BYDDY under 71.22, target 60.71, stop loss @ 71.43 Details

The technical summary data is suggesting a short of BYDDY as it gets near 71.22 with a downside target of 60.71. We should have a stop loss in place at 71.43though. 71.22 is the first level of resistance above 66.75, and by rule, any test of resistance is a short signal. In this case, if resistance 71.22 is being tested, so a short signal would exist.

Swing Trading Plans for BYDDY

• Buy BYDDY slightly over 67.51, target 71.22, Stop Loss @ 67.32 Details

If 67.51 begins to break higher, the technical summary data tells us to buy BYDDY just slightly over 67.51, with an upside target of 71.22. The data also tells us to set a stop loss @ 67.32 in case the stock turns against the trade. 67.51 is the first level of resistance above 66.75, and by rule, any break above resistance is a buy signal. In this case, 67.51, 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 67.51, target 62.25, Stop Loss @ 67.7. Details

The technical summary data is suggesting a short of BYDDY if it tests 67.51 with a downside target of 62.25. We should have a stop loss in place at 67.7 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, 67.51, 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 66.97, target 67.51, Stop Loss @ 66.81 Details

If 66.97 begins to break higher, the technical summary data tells us to buy BYDDY just slightly over 66.97, with an upside target of 67.51. The data also tells us to set a stop loss @ 66.81 in case the stock turns against the trade. 66.97 is the first level of resistance above 66.75, and by rule, any break above resistance is a buy signal. In this case, 66.97, 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 66.97, target 62.25, Stop Loss @ 67.13. Details

The technical summary data is suggesting a short of BYDDY if it tests 66.97 with a downside target of 62.25. We should have a stop loss in place at 67.13 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, 66.97, 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 January 20:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	60.71
P2	66.97	62.25	71.22
P3	70.10	67.51	82.73

Support and Resistance Plot Chart for BYDDY

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