ZM Close to Where it Was at the Start of the PandemicZM is within 20 points of the levels where the SPX500 cracked. 108 is a low risk buy entry.
LAYUP
BYND- TESTING YEARLY SUPPORTHI THERE,
HAVENT POSTED MUCH AS I HAVENT BEEN TRADING ALL THAT MUCH RECENTLY. BEEN FOCUSING ON BUILDING UP MY LONG-TERM PORTFOILO WHILE LETTING THESE CURRENT LOSER SWINGS PLAY THEMSELVES OUT. (APRE & CETX)
THIS HOWEVER IS IMPOSSIBLE TO SAY NO TOO. BYND IS TESTING YEARLY SUPPORT WITH THE SHARE PRICE BREIFLY BREAKING THIS LONG-TERM SUPPORT AND HAS NOW BROKE THROUGH THAT SUPPORT, ACTING AS NEW RESISTANCE.
THERE IS STILL SOME CHANCE THIS FAILS AT CURRENT LEVELS, AND COMES BACK TO $100 AND TESTS SUPPORT, BUT I FIND THAT SEVERLY UNLIKELY.
ESPICALLY WITH THE OATLY IPO LAST WEEK, AND RUMORS ON IMPOSSIBLE FOODS SPAC, AND MORE IMPORTANTLY THE CURRENT VALUATIONS OF IMPOSSIBLE AND OATLY COMPARED TO BYND, SCREAMS THAT BYND IS CONSIDERED UNDERVALUED.
IM SO CONFIDENT ON THIS THAT I WILL BE SELLING OFF SOME LMND SHARES I RECENTLY BOUGHT ON THE EARNINGS OVERREACTION TO COVER THE COSTS OF THIS TRADE (I LOVE LMND BY THE WAY!)
GOODLUCK TRADERS! THIS ONE SHOULD BE A NICE AND EASY LONG TERM SWING!
