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

Source: Stock Traders Daily

Longer Term Trading Plans for BYDDY
  • Buy BYDDY 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 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 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 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 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

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BYDDY Long Term Analysis for August 6 2022


BYDDY Swing Trading Analysis for August 6 2022


BYDDY Day Trading Analysis for August 6 2022

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