BYD Company Ltd ( $BYD COMPANY(01211)$ ) – Technical Analysis
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Historical Resistance Turned Support: The chart highlights a key horizontal level (~HKD 108) that acted as resistance in 2021 and 2022.
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Role Reversal: This same level is now serving as support after the recent pullback from highs near HKD 160.
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Current Price Action: Price has recently rebounded from this support zone (~HKD 110–108), suggesting buyers are stepping in at this historically significant area.
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Outlook: Holding above support could keep the medium-term structure intact, while a decisive break below could open the way for deeper retracement.
Using DLCs for Short-Term Trading
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Long DLCs (e.g. $BYD 5xLongSG251216(VLSW.SI)$ ):
Suitable if anticipating a bounce from the HKD 108 support zone.
Allows leveraged exposure to upside moves with lower capital outlay.
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Short DLCs ( $BYD 5xShortSG270331(5C3W.SI)$ ) :
Useful if price fails to hold support and breaks below HKD 108, targeting further downside.
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Key Considerations:
DLCs are leveraged products—profits and losses are magnified.
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For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook
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.
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