BYD (1211.HK) Chart Signals Potential Upside After Breakout

Technical Analysis of BYD Company Limited (1211.HK)

• Breakout of Channel Resistance: The 1-hour chart of BYD ( $BYD COMPANY(01211)$ ) shows price breaking out of a well-defined descending channel. The breakout occurred after price overcame the upper boundary of the channel, suggesting a shift from consolidation to potential bullish momentum.

• Key Level at 417 HKD: The recent high around 417 HKD is highlighted as a key level. A confirmed break and close above this area may reinforce the bullish momentum and signal continued upside potential.

• Price Action and Momentum: Price has been making higher lows since early April 2025, showing an emerging uptrend. The breakout is supported by increased volume, a common sign of conviction behind the move.

Using DLCs for Short-Term Trading on BYD

• DLCs (Daily Leverage Certificates) offer leveraged exposure to the underlying stock’s short-term movement.

• If price decisively breaks and sustains above the 417 HKD level, a long DLC ( $BYD 5xLongSG251216(VLSW.SI)$ ) would benefit as it amplifies gains in an upward trend.

• Conversely, if price fails to hold above the breakout and reverses back into the channel, a short DLC ( $BYD 5xShortSG270331(5C3W.SI)$ ) could be used to participate in the potential retracement.

• Traders should monitor key levels closely, as DLCs magnify both gains and losses, and use them for short-term tactical trades only.

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Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.