Rakuten Trade Research Reports

Foreign Equities (HK): BYD CO LTD-H - Indicators.

Publish date: Thu, 20 Jun 2024, 11:11 AM
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BYD may trend higher after it gapped up and broke out from the pennant pattern yesterday. In view of the stock bouncing off from its 20-day EMA with consecutive white candles, coupled with its RSI indicator pointing upwards, this bullish momentum appears to be gaining strength.


Net profit is expected to grow at a CAGR of 19% for the next 3 years with strong net margins higher than 4.5%.

Source: Rakuten Research - 20 Jun 2024

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