Boyd Gaming Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Boyd Gaming Stock Quote
- Double Formation
* (Neckline) | Survey Valid | Subdivision 1
* 50.00 USD | A+ Set Up Area
- Triple Formation
* Retracement | 0.382)) | Subdivision 2
* Trend Line 1 & 2 | Configuration
* Daily Time Frame | 85.00 USD Trend Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BYD trade ideas
Boyd Gaming Corporation | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BYD - 3,5 years HEAD & SHOULDERS CONTINUATION══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
═════════════════════════════
BYD Shares Down 15% as it Faces Earnings Test The Chinese biggest EV maker broke with its usual practice of not providing guidance ahead of its earnings report due later Monday. This month, the stock’s volatility jumped to the highest since October 2022, indicating increased investor demand for downside protection.
Last year, new competitors ramped up pressure in the Chinese EV market. Savvy investors will be scrutinizing NYSE:BYD ’s results comments for plans for further actions after a move to cut prices on mass-market models ahead of peers this year scored success.
NYSE:BYD has gained momentum lately taking market share from internal combustion-engine cars,” said Daisy Li, fund manager at EFG Asset Management HK Ltd.
Reduction in price helped NYSE:BYD sell about 300,000 vehicles in March, rebounding from a pronounced weakness in the prior month. That helped the stock, which is down less than 1% in Hong Kong this year, while a gauge of global EV makers has declined more than 15%.
The resilience may leave the shares vulnerable to selling pressure if the results disappoint. NYSE:BYD is expected to post sales growth of 10% for the seasonally slow first quarter, which would be its lowest in four years. Gross profit margin is estimated to decline to 19.6% compared with 21.2% in the fourth quarter.
While the price cuts for cheaper models have likely hurt its profitability, NYSE:BYD ’s growth in higher-end models and overseas sales are among the key points traders will be watching for potential positives.
NYSE:BYD ’s strategy is to leverage domestic mass products to maintain production utilization and operating leverage, and balance profit margins with premium models and exports,” said Bing Yuan, a fund manager at Edmond de Rothschild Asset Management.
NYSE:BYD has been expanding its luxury lineup, including the Auto China show launch of the Denza Z9GT, a shooting-brake style design with a heavy emphasis on technology. It rolled out its $200,000-plus Yangwang U9 supercar to rival offerings from Ferrari NV and Lamborghini in February.
NYSE:BYD has a target of selling 500,000 vehicles outside China this year and then doubling that in 2025. It also plans to build its first European car factory in Hungary.
Robert said: “Exports coming from a low base are expected to continue to show strong growth — this will remain a key supporting factor for BYD’s revenue growth and likely margin,” Mumford, a portfolio manager at GAM Hong Kong Ltd. “Outside the leaders, we have been fairly bearish on the sector given high levels of competition and pricing pressure.”
BYD body gaming corporation has lost all POCYearly trend up was broken with BOS
Last half year trend going down with LH/LL
Current stage R 61 and S 52. Break and confirmation of any will lead to further move down either up.
Volume concentration with POC far away at 67. Yearly Volume control lost.
Two year volume control lost.
BYD is looking ready to move higher!* Great earnings
* Strong up trend
* High relative strength in the Consumer Cyclical sector
* Recently broke above a multi-year base at $50.32
* Has been basing ~8 months
* Forming a tight consolidation at the right side of the base
* Breaking out with higher than average volume
* Maximum probable ROI on this trade would be ~29%
Trade Idea:
* Now's the right time to enter as the price isn't too far away from the broken level.
* If you're looking for a slight discount you can look for buying opportunities near the $66.62 area
* A break and daily close below $66.62 would expose the $63.54 level as support.
BYD which direction?I like how this is playing out.
Inside an ascending channel.
From here, if the support holds (rectangle area) we might see another leg to the upside to test top of the channel.
If the support doesnt hold, we have the bottom of the trendline as support, if that fails, we see downside.
Watching it this week.
<TradeVSA> BYD - Reversal with PullbackSign of Strength in the chart:
1. Reversal back to 20/40ma
2. Pullback with NS signal
3. Triple NS in the chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Boyd Gaming (BYD) to 74 USDStochastic RSI indicates we are in the oversold territory and the MACD looks like it is ready to crossover soon on the daily chart as well. Chart patterns indicate uptrend and potential bull flag. I can see a 74USD BYD approaching.
This is not investment advice, always do your own research. Feedback is appreciated.
BOYD GAMING Technical AnalysisBased on technical Analysis, the idea is to go long as per major trend.
Buffett's Berkshire Hathaway (BRKB) bet big on BYD as far back as 2008, just five years after Tesla was founded and the same year that Tesla revealed its first EV, the Roadster. Buffett now owns a 25% stake in BYD, whose shares have quadrupled this year.
NYSE:BYD