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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Created by rakutentrade | Sep 19, 2024
Created by rakutentrade | Sep 17, 2024