- summary:
- BYD stocks rise to the past main resistance as struggling Tesla. The ups of the upscale ascension – can BYD become a pioneer in the new EV market?
BYD Co. Ltd. BYD shares have increased by more than 20 % in the past seven days, driven by strong artistic momentum and favorable in the EV market scene.
BYD main support and resistance levels
- Resistance levels:
- $ 54.35 – Test this level currently; The above collapse can push towards its highest new levels.
- $ 56.00 – 58.00 dollars – the next potential target if the momentum continues.
- Support levels:
- 52.09 dollars – the last penetration level; It now works as immediate support.
- $ 48.96 – The main level of previous monotheism; It needs a contract for more upward trend.
- $ 46.08 – stronger support zone; A break below can indicate the reflection of the direction.
Tesla problems: a great incentive to climb byd
Tesla (NASDAQ: TSLA) faced escalating problems, including production delay, price discounts, and demand weakness in China. With EV EV’s EV’s EV struggles from ELON, BYD has benefited from the transformation, especially in the Chinese market, where the EV squad wins affordable and technically advanced customer.
Can BYD keep this? What is the next of the share?
By high stocks and technical indicators that are climbing, BYDDF can turn towards the highest new levels ever. Investors will monitor whether the share can exceed $ 52 as a new support and whether it is $ 56 to $ 58 has become the next hacker.
For traders and investors in the long run, the BYD momentum cannot be denied, and with the presence of Tesla in setbacks, the Chinese EV leader may be preparing to seize the market.
