BYD’s (1211) EMA10-EMA20 and MACD suggest prices could continue its downward trajectory. Prices are also below the HKD200 psychological level. Hence BYD could retest either the HKD176 or HKD165 support. However, a daily close above HKD220, which was also the EMA20, could propel prices towards the 31 August 2022’s gap down of HKD245.