Whats next for BYND!Bullish Case:
1. ATL is floored in March followed by a Bullish rally in April as happened previously in 2020.
2. Price is on a major support.
3. Bearish Trend Line is broken with a green candle.
4. ABCD pattern completed and price has retraced with bullish candles.
5. Formation of Bullish Rectangle
6. Bullish Divergence
7. Fib retracement from ATL to 0.236 level.
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Plan A - Bullish Case
Entry - Bullish Candle Breakout on 100MA
SL - 100MA will act as Support. Stop loss little below 100MA
TP 1 - 71
TP 2 - 99
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Bearish Case:
1. 100MA as strong resistance
2. Price in sideways action.
3. Formation of Bearish hanging man.
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Plan B - Bearish Case
Entry - 44 (Major support is broken)
SL - 46
TP - 36
Beyondmeat
Beyond Meat (NASDAQ: $BYND) Trading @ 82% Discount From ATH! 🌱Beyond Meat, Inc., a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. It operates under the Beyond Meat, Beyond Burger, Beyond Beef, Beyond Sausage, Beyond Breakfast Sausage, Beyond Chicken, Beyond Fried Chicken, Beyond Meatball, the Caped Steer Logo, Go Beyond, Eat What You Love, The Cookout Classic, The Future of Protein, and The Future of Protein Beyond Meat and design trademarks. The company sells its products through grocery, mass merchandiser, club, convenience store, natural retailer channels, restaurants, foodservice outlets, and schools, as well as through an e-commerce site. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was founded in 2009 and is headquartered in El Segundo, California.
To Infinity and Beyond (Meat)?Beyond Meat - Short Term - We look to Buy at 60.97 (stop at 55.50)
Previous support located at 60.00. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move higher. This provides an excellent risk/reward opportunity to fade the current bearish move.
Our profit targets will be 85.29 and 94.12
Resistance: 90.00 / 100.00 / 115.00
Support: 60.00 / 50.00 / 45.00
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BYND +50% soonI expect Beyond Meat to bounce off orange support. But there is still ≈ 20% before it. Additionally, cyclical analysis suggests a reversal from decline to rally in the second half of Jan'22.
I set the alarm when the thin turquoise line is broken, after which I will start purchasing by the pyramiding method.
Not a financial recommendation.
Take care.
Beyond Meat Investment Price TargetBuy Order set between the 1.786 macro fib and the 3.618 micro fib.
Oversold so why not + Bullish Trendline Div
Fundamentals aren't that good - Losing money (source: Balance Sheet). The company's product is in many supermarkets. Betting on this being the leader of alternative meats.
Beyond Meat is going beyond to draw lower lows. BYNDHere, down we go.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Lowering the StakesI've listed most of my Technical analysis points on chart. Fundamentally the company has plenty of cash on hand to handle debt obligations for 12 months onwards, but the astronomical Valuation metrics (i.e. Price to Sales, Price to Book) when compared to traditional competitors such as Tyson Foods and Sanderson Farms indicate a high price premium. In addition the COO just resigned without a definitive reason which never bodes well for a company.
www.marketwatch.com
Weekly Watchlist! 8/9 - 8/13Check out what plays we are watching for this coming week! As well as a recap of last week's video!
NYSE:SNOW
On Snow we are looking for a break of the $279 level with targets of $280, $282 and $283
NASDAQ:BYND
Nice bullish engulfing pattern after earnings. Watching for a break of $126 with targets of $127, $128 and $129
Beyond Meat Descending TriangleI originally bought BYND @ $112 a few weeks ago. Since then, it peaked @ $160 amid news of recent hire Phil Hardin to CFO. Hardin was considered a "veteran" at Amazon where he previously worked as a VP of Finance. I'm waiting to confirm this pattern. If it hits $150 before the end of October, I will sell. I will then buy back in where the triangle forms around $117.
Weekly Outlook! 6/28 - 7/2Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
NASDAQ:BYND
BYND we are looking for a breakout of consolidation that we've been seeing over the 200sma. Confirmation level is over $152 but can take anything with good strength over $149
NYSE:MA
Looking for a nice breakout over the $380 level as we saw a nice long term trend support bounce last week!
NYSE:UBER
Uber has been consolidating over the 200sma over the past few weeks. We finally look ready to take another move up with a breakout over $52
NYSE:DIS
DIS looks to be breaking trend resistance. This is a play we entered last week. We'll see a new short term uptrend confirmed if we can hold the $181 level this week!
BEYOND MEAT END GAMEDuring the next 2 months, the stock market will undergo a correction due to inflation fears. Beyond is a great company, however, this drive will cause the stock price to drop to the maximum possible retracement, .146 sitting at around ~$73/74. This is confluent to the bottom of the triangle.
The worst-case scenario is that we enter a bear market for some reason greater than inflation fears. If that happens then BYND will go to ~$33/34. Technicals Support this PT because the length of the head and shoulders along with the length of the rising wedge give the same number when we position the est trendline. BYND balance sheet isn't the best since they are consistently losing money.
The best-case scenario is we bounce from my target and retest the top of the triangle.
When the day comes where we break that triangle, I can see $1000 in a couple of years and $4000 by 2050.
BYND Super Bullish BTFD I dont care where you sit on the climate change debate as
one thing remains true and that is they want the world eating less meat
and eating this synthetic stuff which will soon enough be in every fridge
in the local supermarket .
Farmers are under constant pressure to reduce Co2 levels etc and cows in this
climate crazy world are harmful...In addition to that the major investor in this
company is buying up farmland like its going out of fashion
Ummm strange huh
Point is we all know where it is going and right now BYND has completed its
retrace and is without question screaming to be bought up so if you want this for the
Long Long term so you can tell the grandkids how you made your millions 30 years from now
then this is the opportunity for you .
Alternatively if you want short- medium term swing trade
to sell at first resistance test around 135/140 then this stock is a win win .
With expansion into the European market place into thousands of retailers during this spring and the
WEF claiming by 2030 that eating actual meat as we know it will become a rarity
its well worth scaling into this one .
Know your Invalidation and always use a stop loss
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