When the Price of Byd Company Ltd Adr BYDDY Talks, People Listen

August 06, 2022, 01:00 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Byd Company Ltd Adr (NASDAQ: BYDDY) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for BYDDY can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for BYDDY

• Buy BYDDY slightly over 67.32 target 78.23 stop loss @ 67.13 Details

The technical summary data tells us to buy BYDDY near 67.32 with an upside target of 78.23. This data also tells us to set a stop loss @ 67.13 to protect against excessive loss in case the stock begins to move against the trade. 67.32 is the first level of support below 73.5325 , and by rule, any test of support is a buy signal. In this case, support 67.32 is being tested, a buy signal would exist.

• Short BYDDY under 78.23, target 67.32, stop loss @ 78.46 Details

The technical summary data is suggesting a short of BYDDY as it gets near 78.23 with a downside target of 67.32. We should have a stop loss in place at 78.46though. 78.23 is the first level of resistance above 73.5325, and by rule, any test of resistance is a short signal. In this case, if resistance 78.23 is being tested, a short signal would exist.

Swing Trading Plans for BYDDY

• Buy BYDDY slightly over 76.10, target 78.23, Stop Loss @ 75.88 Details

If 76.10 begins to break higher, the technical summary data tells us to buy BYDDY just slightly over 76.10, with an upside target of 78.23. The data also tells us to set a stop loss @ 75.88 in case the stock turns against the trade. 76.10 is the first level of resistance above 73.5325, and by rule, any break above resistance is a buy signal. In this case, 76.10, 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 76.10, target 72.77, Stop Loss @ 76.32. Details

The technical summary data is suggesting a short of BYDDY if it tests 76.10 with a downside target of 72.77. We should have a stop loss in place at 76.32 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, 76.10, 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 73.83, target 75.54, Stop Loss @ 73.66 Details

If 73.83 begins to break higher, the technical summary data tells us to buy BYDDY just slightly over 73.83, with an upside target of 75.54. The data also tells us to set a stop loss @ 73.66 in case the stock turns against the trade. 73.83 is the first level of resistance above 73.5325, and by rule, any break above resistance is a buy signal. In this case, 73.83, 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 73.83, target 72.77, Stop Loss @ 74. Details

The technical summary data is suggesting a short of BYDDY if it tests 73.83 with a downside target of 72.77. We should have a stop loss in place at 74 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, 73.83, 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 August 06:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	56.10
P2	73.83	72.77	67.32
P3	75.54	76.10	78.23

Support and Resistance Plot Chart for BYDDY

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