BYND
BEYOND MEAT, Above and Beyond $BYNDThere is a big freaking triangle forming on the #BYND price chart... can be bearish.. but can rocket if the right news is issued in the next week.
Price has been squeezing for a while now, will be released sooner than later, direction is hard to predict though.
High profitable trade, with tight stop loss under the below structure.
PT1:140
PT2:150
PT3: if Beyond defeats the COVID ->165
STOP: 120
Give at least 7 days to play the scenario out.
BYND: EW count indicates Wave 3 startedQuick EW count of BYND indicates an price has started a wave 3 of some degree. The corresponding wave 1 contains an extended wave 1 of a lesser degree that goes from about $48 to $147.
Blue line is low price, black line is closing price, and red line is high price.
🍔 BYND (8/31-(9/4) 🍔 BYND
Bullish above 131, PT @134, 137, and 138.3 (resistance)
Bearish under 129, PT @125.50, 123.70, and 122.30 (support)
BYND signaled a little while back and finally looking decentBYND has a target at $162. It's looking pretty decent here for a run. May not hit if it runs here. Could take another leg up before closing the books on this signal. Ready to trim on a spike and rebuy on a dip. this is like learning to surf the market waves lol
Beyond Meat: Moon bound?Published the wrong chart that didn’t properly depict accumulation in previous idea. This chart shows accumulation as a pennant.
BYND might have completed a long-term accumulation phase depicted by the blue pennant and finished an EW wave 1 of some lesser degree. I’ve based the Fib levels on the possible wave 1. If valid, price will target $270.
BYND- Danger zoneShort it at the supply zone (132 to 140) and close the position at the target lvl coincides with SMA 200!
SHORT: $BYND- currently correcting
- looking to open a long position at 100 area as long as there is an intra-day bullish divergence
BYND LOOKING BEARISHLooks a bit bearish to me, analyzing as I am interested in buying stocks for this
BYND Bounce Set up (Ascending Triangle)Follow up on previous BYND post!
BYND is forming the foundations of an ascending Triangle here. Earning were not bad, look at the Revenue! Take some off the table at $165, let the rest ride to $200!
OPENING: BYND AUGUST 21ST 110/185 SHORT STRANGLE... for a 4.18 credit.
Notes: Defined in the smaller, naked in the bigger.
Defined risk alternatives:
September 18th 105/115/180/190 iron condor, paying 3.51 (i.e., > 1/3rd the width of the wings) at the mid price as of the writing of this post. Some price discovery may be required on the four-legged, as it's bid 3.16/mid 3.51/ask 3.91, which isn't the tightest thing in the world.
Bullish hammer pre earnings!BYND bounced of support upwards channel with Hammer gap up .. looks like a retest gap to watch.
Chart Indicators set up for Bullish momentum unless earnings disappointing and seeing low $90 again..
Not your Advisor Bla Bla Like if you Agree
BYND BYND - Significant upside with a beautiful chart. Wave 1 setting up. Get in before the public realizes. LONG here
LONG BYND
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
BYND BUY OR LONG , TARGET UP TO $168BYND is about to confirm the "Wedge descending" breakout pattern, I will open Long area at $ 132.
BYND buy : $132
BYND target : $168
Stop loss : 8%
Details please see the mark on the chart.
Wish you good deals !
BYND: Buy under $110Leading diagonal ended and price is correcting in a wedge. The wedge’s bottom trend line is speculative because we do not yet have another price point to establish a valid trend. However, if you’re familiar with Wyckoff, then you may make out the distribution phase pattern that began at end point of white line (at fib level 1). Also, notice the nearby price gap. Lastly, such a correction would result in Y equaling roughly 1.382x the length of X. So, price will correct to bottom line somewhere near $100 if true.
THE WEEK AHEAD: BYND, ROKU, SQ, ETSY, UBER EARNINGS; GDXJ, SLVEARNINGS:
There's a bunch, but here are the ones that interest me most for volatility contraction plays:
BYND (46/87/17.2%)*, announcing Tuesday after market close.
ROKU (40/84/16.6%), announcing Wednesday after market close.
SQ (40/74/13.4%), announcing Wednesday after market close.
ETSY (38/74/14.8%), announcing Wednesday after market close.
UBER (15/73/11.9%), announcing Thursday after market close.
Pictured here is a directionally neutral iron condor in BYND in the September cycle with the shorts camped out at the 21 delta strikes. A 3.26 credit as of Friday's close, it's paying nearly one-third the width of the wings. Naturally, you can go with the August monthly, but this is one that's known to be a mover, so I'd opt to go longer duration for more room to be wrong. For those who prefer naked: the September 18th 106/165 was paying 8.55 at the mid price as of Friday's close, with the August 21st 105/160 (18 delta) paying 5.45.
EXCHANGE-TRADED FUNDS WITH 30-DAY >35%, ORDERED BY RANK, AND SHOWING SEPTEMBER SHORT STRADDLE PRICE AS A PERCENTAGE OF STOCK PRICE:
SLV (46/58/15.0%)
XLE (26/40/11.5%)
GDXJ (22/57/16.0%)
GDX (22/46/13.0%)
EWZ (20/46/12.4%)
XOP (13/53/14.6%)
From a buck banging perspective, it's GDXJ (16.0%), followed by SLV (15.0%), and XOP (14.6%) for premium selling. I've already got GDXJ and SLV plays on, so may consider something in XOP if I'm desperate to add to my theta pile.
BROAD MARKET:
IWM (29/34/9.1%)
QQQ (22/27/7.5%
EFA (21/23/6.0%)
SPY (19/23/6.2%)
The volatility was nice ... while it lasted. I may switch over to IWM put selling in the IRA in lieu of SPY given that RUT is where the volatility is at relative to the others. The 16 delta strike nearest 45 days until expiry would be the September 18th 130, paying 2.05.
IRA DIVIDEND-GENERATORS:
XLU (23/20/5.6%) (3.19% yield)
IYR (22/28/7.2%) (3.27% yield)
EWA (22/30/8.4%) (3.72% yield)
EWZ (20/46/12.4%) (3.17% yield)
SPY (19/23/6.2%) (1.75% yield)
TLT (17/17/4.3%) (1.64% yield)
HYG (15/15/3.0%) (5.00% yield)
EMB (11/11/2.9%) (4.22% yield)
EWZ (12.4%), followed by EWA (8.4%), then IYR (7.2%). Getting kind of tired of laddering out EWZ, but you go where the volatility's at.
* -- For earnings, the August 21st at the money short straddle is used for determining the short straddle/stock price percentage; for everything else, I'm using September.
Buy Zone and Target for Beyond Meat $BYNDMy buy zone and targets for BYND. If it can break above the first target then i think it can reach target 2 else i think it could still down trend the the $100 range.
(Not financial advice)
