Beyond Meat, Inc.Updated BYND Swing Idea
Looking to test the squeeze indicator a little with this one now. Back to neutral, hoping it continues to green!!
Liking the MACD rising w/ RSI and positive volume coming in (although slightly light vol.) and the possibility of BYND reversing course and heading up towards $100.
Once we break $84.5 - BYND should quickly to $91 area. Assuming market remains green and positive macro events go our way. Would have a reasonable timeline with this trade too, BYND does tend to move quickly historically so always have cash on the side to avg. down.
GLTA
Liking the MACD rising w/ RSI and positive volume coming in (although slightly light vol.) and the possibility of BYND reversing course and heading up towards $100.
Once we break $84.5 - BYND should quickly to $91 area. Assuming market remains green and positive macro events go our way. Would have a reasonable timeline with this trade too, BYND does tend to move quickly historically so always have cash on the side to avg. down.
GLTA
Note
Back in after taking small loss. Tight SL to see if any news drops with BYND and MCD. Not relying on this solely but that will bring back the volume needed for a confirmed move. GLTANote
Thank god I got back in. $ . Done with this for now. Interesting company but doesn't excite me enough to want to hold.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.