Byndmeat
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 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.
Beyond Meat longSo here is an easy ta for Beyond Meat long.
After beginning up-trend from 80 and explosion earnings next step is around 170 mark.
There are three support zones:
110
76
48 ( biggest one from IPO and march low)
Meat supply became a big problem cause of stopping production, so vegan food trend represents an alternative for next month.
On the other side dont forget risks. Closed restaurants and the big question mark around opening economy should not be underestimated.
RSI and MACD shows on weekly and daily chart a little bit overbought. You can wait for join on next correction around 110. Or take a ride on high volume from earnings.
Good luck for your trading. (DONT FORGET TO WATCH SPX)
Any comments are welcome.
Beyond Meat - $BYND - Low Risk Channel PlayBeyond has gained major traction after COVID-19 and China's opening as well as solidifying deals with large corporations like $SBUX and others. With COVID-19 and the recent news of issues with supply chains regarding meat production we saw a major move to the upside last week. I believe we will see a large correction in the coming week, however I do believe the long-term outlook on $BYND to be quite bullish. In the short-term, restaurant related companies are still struggling and this should have a major affect on the stock, a high-probability short is in play targeting the $80 area.
3 ways to play this earnings | Beyond Meat Technical Analysis3 in-depth scenarios taking you through how I plan on playing earnings with NASDAQ:BYND
Scenario 1: Mini Falling Wedge (Bullish)
If this is indeed a falling wedge, we should see it smack both support and resistance 3 times prior to its decision.
If this is the case, I'll be looking to grab a position later this week for a short-term trade.
Scenario 2: Massive Bullish Channel
This is why we need to be very patient with this trade. TA would tell you we should see another retest with even lower lows before breakout long-term. If we hold under I'll back up the truck and prepare to load up the puts.
Scenario 3: Beautiful Earnings Rip
In the case of a massive breakout, I will aim to grab a few calls with some time (expiring 2 weeks after earnings) with a strike around $120. If we get a solid correction I'd hope we can grab something like $115 strikes for the price of the $120 strikes at open.
Once again, if breakout is successful we will see price movement toward $120 before earnings most definitely. If we grab 3 or 4 $115 calls expiring may 22, we will probably be able to sell 2 for our original investment plus profit. This would allow us to hold the remaining contracts through earnings.
"Risk it for the biscuit" but secure your profits at the same time :)
Depending on the next 48 hours, I will choose one of these scenarios. We will ball out, this is Easy Loot.
DO NOT TRADE THIS! YOU WILL LOSE MONEY...
DOTCOMJACK
$BYND Is A Great Momentum Play$BYND is another $TSLA story. You have the bulls and bears battling over the fundamentals, whereas we see a stock that's just a great traders. $BYND like $TSLA has momentum and you can play both sides - long and short. While we called the Short 2 weeks ago, the stock has made a comeback and is bumping up against our trend line again. We think this time it will break through, especially with 23% of the float short. Keep a watch and trade accordingly.
As always, trade with caution and use protective stops.
Good luck to all!
$BYND Heading LowerThe rally in $BYND shares looks to be over on the news Tim Hortons is halting sales of its products in Canada. Here's the news from Bloomberg:
(Bloomberg) -- Tim Hortons restaurants have stopped selling Beyond Meat products at its coffee and donut shops across two of Canada’s biggest provinces.
The chain had been serving the Beyond Burger and a Beyond Meat breakfast sandwich made with the company’s imitation sausage products. After an initial launch starting in June at nearly 4,000 Canadian locations, the items were scaled back to the provinces of Ontario and British Columbia in September.
“We introduced Beyond Meat as a limited time offer. We are always listening to our guests and testing new products that align to our core menu offerings. We may offer Beyond Meat again in the future,” Tim Hortons said in an e-mailed statement.
The rollback marks a rare setback for the plant-based meat maker, which currently has partnerships with Carl’s Jr., Hardee’s and Dunkin’ Donuts in the U.S., and recently announced an expansion of its partnership with Subway in Canada to begin serving meatball subs nationwide.
A Beyond Meat spokesperson confirmed this was a limited time offer and the companies may work together in the future. Restaurant Brands International Inc., the parent company of Tim Hortons, didn’t respond.
Beyond Meat tumbled almost 4% in New York trading Tuesday after the stock was downgraded to neutral by JPMorgan. The shares extended declines after the close of regular trading on the Tim Hortons report. The stock has soared more than fourfold since it went public last year.
The demand just wasn't there. This is bad news. There's no way to spin this.
We've called the short in $BYND in our last article. We are calling the short again.
As always, trade with caution and use protective stops.
Good luck to all!
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.
BYND, possible bull-trend incoming.Stock Practice #2
The 1st wave finished off with an Elliot wave pattern of 1-2-3-4-5.
Waiting for confirmations:
- Break of trend-line.
- Weekly extremely oversold.
- Wave 2 cannot go lower than 85.4%, a drop below $70 would mean the worst for BYND.
- Daily bull divergence.
$BYND Beyond Meat buys around $100, GAP CLOSE at $102 incomingAfter going 430% in a small half a year. Looks like that $BYND is now on track to close the gap from the first weeks. Gap opened from $102 till $121. It broke down under the $121 mark so a downtrend till $102 is on the move.
Buy orders at and around $100 seems valid for a potential bounce of 10, 20 or 30%.
Expecting the same kind of move that happend on $ROKU.