RE:UpgradeThe target price of $195 might be a bit optimistic. However, since the end of May BYD.UN's chart has shown a bullish Continuation Diamond. Meaning: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend.
The pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamond's boundary lines, it marks the resumption of the prior uptrend.
Today's BYD.UN Price Crossed above Moving Average (21-day)
Meaning: The price is likely in an established uptrend. I would think a target of between $186-$189 is realistic.