BYND- Bullish continuation or distribution?Whether you like it or not, BYND is the first mover in the alternative meat industry.
There is just way too much upside and growth to be captured in this nascent industry.
Future trend toward green environment and sustainability will only push this industry higher.
Three scenarios-
#1. Test the local resistance one more time and break out of the bull flag pattern. Third time is the charm!
#2. Retrace first, then trapped shorts cover their shorts which propel the price higher. Swing long opportunity.
#3. Key support lvl broken. Long at the second key support lvl. Positional long opportunity.
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Beyondmeat
BEYOND MEAT 1D RANGE TRADESRanges are repeatable trading chart patterns.
ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Golden Cross on 4hr BYND Chart The bulls have gotten the Golden cross on the 4hr BYDN stock chart and we also saw a dip and a bounce right on the 50ma where we were hoping to find support.
We're staying long at the moment with BYND especially until earnings date about 9 days away. Say Tuned!
Shoot us a like and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
BYND Consolidation in an UptrendBYND consolidation in this uptrend forming a symmetrical triangle on the 4 hr chart with easing volume. Hoping to see a breakout of this structure followed by an increase in volume towards the end of the week/beginning of next. If so, I can see the price reaching the $140-$160 range in a hurry.
Going Vegan; Beyond Meat Going long on BYND, price has bottomed out after the sell off following IPO. Beyond turned their first Qrtly profit in Oct.
My considerations though, lay predominately with Market interest, globally.
A quick trend analysis on google shows that globally "Vegan" or "Veganism", is at an all time high. Demand for meat alternatives are growing, whatever the motivation.
Education is leading people become more health conscious. A vegan burger is a good way to add some extra vegetables into a normal diet, without actually going vegan.
These are the market targets for Vegan products, not to turn Carnivores into Vegans, but to provide an additional option to a person's chosen diet. This strategy allows for better mainstream adoption.
Going to ride the demand wave for this one.
Beyond Meat: Lower buy opportunity exists.BYND topped yesterday following an impressive comeback from the November - December lows, which gave a strong bullish signal as the RSI was on a Bullish Divergence. This turned 1D extremely overbought (RSI = 85.585) and it was only natural to see investors booking profits first chance they got, and that was near the 137.00 Symmetrical Resistance.
With the rest of the technical indicators pointing towards a healthy uptrend (MACD = 6.860, ADX = 32.540, Highs/Lows = 29.3471) the trend seems sustainable. Investors however should first see a clear new low (higher low) before re-entering. By our projections this will most likely be 97.50 - 91.00 Symmetrical Support Zone. 108.00 is also a candidate (but a weaker one) so tight SL is needed there. Medium term TP Zone: 160.00 - 172.00.
~~~ Our last Buy Call on Beyond Meat:
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BYND - McDonald'sa Deal Back on the TableWhat's up guys, checking back in with BYND since out last analysis about 4 weeks ago.
BYND & Impossible Foods have both been trying to win over McDonalds for a while now. What just sparked the stock breakout out of the wedge, was that Impossible Foods CEO Pat Brown told Reuters that the company is working to more than double production at the moment instead of trying to win a deal the size of McDonald’s as it can’t currently produce enough of the product to partner with giant restaurant chain.
This is great news for BYND as they responded “We would have to work with them (McDonald’s) on timing but, yes, we would be able to meet their demand globally. McDonalds is now extending it's Beyond Meat burger testing. They are currently selling their plant-based patties to Dunkin' Donuts, Del Taco, Carl's Jr. and Denny's to name a few.
If we continue bullish, the next targets we are looking at at the $96, followed by the $109 range. Could see a little pull back as the RSI is heading into overbought regions.
Shoot us a like and follow and we'll be back with some updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Watching beyond meat (BYND) as long term stockBYND is going to touch:
- LONG support line of previous uptrend ( green )
- and the SHORT resistance line of a current downtrend ( violet )
If the price will go higher than 78.5 and it will manage to stay there for a while...
And then starting right after 79.1-79.2 there will be a huge grown in close future!
P.S: I made a mistake, that bought that stock at 83 and then at 78.12 before market confirmed it's growth.
sun-up:
Don't buy after the weekends, before the market opens.
To Infinity & BYND - Beyond Meat Inc This is another company we've been watching closely since its IPO. (similar to Uber) Both companies surged on hype and hopium.
$BYND is down -70% from its all time high in late July. Many competitors and rivals are gaining momentum in this market. There's a lot of speculation waiting to see what is going to happen with a BYDN & McDonalds partnership.
Neutral for now.
TIME TO BUY $BYNDOne of the highlight of 2019 was the euphoric rise of NASDAQ:BYND after its listing. like all parabolic rise it always ends in tears for inexperienced investors and $BYND was no exception
well after it retrace i think it may have found bottom and is currently building it accumulation region 76.15- $83.25.
i would expect this stock to range for a while building a healthy base before resuming its uptrend
buy zone $78- $76
This trade invalidates if prices trade below $75.5