BYD is showing strong bullish momentum with positive indicators such as the bullish crossover of the 20-day and 50-day EMAs, rising RSI, and strong MACD signals. The stock is expected to continue its upward trend in the short to medium term, targeting the HKD260 resistance level. A successful breakout above this level could signal the continuation of a long-term uptrend.
Net profit is expected to grow at a CAGR of 20% for the next 3 years with strong net margins around 5%.
Source: Rakuten Research - 12 Sep 2024
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