BYND 2H Possible Short
Updated
Beyond Meat has been going crazy, opening up a possible opportunity to short! There are clear gaps between previous candles that will need to be addressed. Spectro M - X confirmations are signaling an impending pullback and a cloud has formed showing a level of depth to which the price may correct. True Strength on Spectro O is waining and pulling back out of the high end off the Murrey., Volume is also decreasing. Spectral Range is also at the edge of a reversal. I would initiate a trade on confirmation from a Spectro M Warning signaling price going down and keep a tight stop, as FOMO could be real here, or people are buying a lot of meatless tacos and burgers, here in Los Angeles.
In my opinion, this is one to keep an eye on.
BYND
Analysis by AlchemistLA
In my opinion, this is one to keep an eye on.
BYNDAnalysis by AlchemistLA
Note
Short is in play.
Almost at first target, in depth of the predictive Spectro Cloud.
Trade closed: target reached
1s't target reached. Spectro M Cloud prediction is on point!
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