BYD Part: April 19! – Financial trends

Chinese car and battery maker BYD is about to hit a milestone on the stock market. On Monday, the company recorded a small price gain of around 0.04%, which, however, gives enough potential for it to reach the important psychological mark of 25 euros. With a difference of only five cents to the next price number, this level can recently adopted.

Chart analysts frequently emphasize the importance of those round price points, as direct trade orders are often placed at these points, which, if reached, can lead to increased trading activity. In this sense, BYD shares are in a good position, although the exact reasons for the current market movements are still not fully understood.

BYD: Strong progress is imminent

However, the uncertainty in the market regarding BYD should be clear in the coming week. The company’s annual general meeting is scheduled for April 19, where investors are expecting a new impetus. The financial results of the last fiscal year are already known, but the stock needs new incentives to rise in price.

BYD stock chart

There is concern in the market that a) the electric car revolution may end soon and b) tensions between the United States and China, especially in relation to the American market, may have a negative impact.

The important thing is whether or not the American market will close itself off from Chinese companies. Despite this uncertainty, the stock markets seem poised for a positive development – and this, fittingly, shortly before the important date of April 19.

Overall, BYD is at an important turning point, both in terms of company performance and stock price performance. Investors and market watchers will be keen to look to the future to see what direction the company will take.