low-ADX energy building for a breakout.
BYD looks attractive despite market weakness — MACD has worked off overbought and a low-ADX breakout setup is forming.
BYD is showing resilience while the MACD has worked off the overbought condition and price has formed a double bottom. Low ADX across time frames signals building “energy” with low volatility, and the stock sits above a rising 18-month moving average that may not inhibit a breakout.
"Money Is Flowing Into These Areas Right Now"