The good news about BYD shares: The share price of the Chinese car manufacturer can continue to defend an important technical support zone, which significantly shaped the price development in December as part of the consolidation movement from 210/212 Hong Kong dollars to 169 Hong Kong dollars. With today’s prices between 175.30 Hong Kong dollars and 181.80 Hong Kong dollars, BYD shares don’t even put this zone at risk. However – and this brings us to the bad news for the electric car title – BYD’s share price is still unable to significantly break away from the potential bottom zone of consolidation.
On the Hong Kong stock exchange, the paper is currently trading at 179 Hong Kong dollars compared to the previous day, slightly in the red. This means that both the decisive technical hurdles and the support levels are only small steps away from the current price level of the BYD share. It remains a game of nerves … Nothing decisive has changed in the positions of these trend-setting technical chart signal marks compared to our last chart check. Here again the most important key data: