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Can BYND rise from its support /demand ( multiyear low) ?BYND had it surge in the post Covid months. As seen on the weekly chart, multiple touches of the supply / resistance zone occurred in the range of $160-180 per share. Price is now at 5-10% of the highs and at the multi-year lows. Volume is weak. The RSI swing indicator has given a buy signal but I am skeptical. BYND is heavily shorted and sellers have dominated. My idea is to set an alert for a price of %15.00. The volume profile both short and longer term shows a lot of buying at the current price range. My idea is to set an alert for $15. If BYND can get there, some momentum might be achieved especially if some short sellers feel some pain and look to buy to cover and close. Otherwise any down trends in the general market will tend to drag BYND down as well.
NASDAQ:BYND
by AwesomeAvani
Independent research report with a 12-month price target of 0.67PlantX Receives Bullish Research Valuation from Capital Y Management VANCOUVER, BC, July 27, 2022 /CNW/ - PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) ("PlantX" or the "Company") today announced that Capital Y Management, a New York-based hedge fund, has issued an independent research report on PlantX referring to PlantX as "a market leader with a disruptive business in an emerging industry with long term tailwinds''. Capital Y Management has established a 12-month price target of C$0.67 per common share, which would represent an enterprise value for PlantX of approximately C$68 million. Hedge Fund Places PlantX Target Price at C$0.67 Per Share (CNW Group/PlantX Life Inc.) "The PlantX team is hard at work to make plant-based diets available to everyone, expanding our presence in this rapidly growing market," said PlantX CEO, Lorne Rapkin. "We are encouraged that this independent report has recognized that we are well-positioned. While we are not commenting on the specific projections, we are focused on achieving success similar to Capital Y's outlook."
VLong
by wealth_bakery
1
BABY.TO Outperforms Sectoral and Market IndexesEyeing market open today, it looks like investors may be in for some relief after a crushing past couple of days of trading. Here I hone in on the chart of Else Nutrition (TSX: BABY). After closing green yesterday and a green open today, it looks like BABY investors are holding the line against the type of capital outflows afflicting US and Canadian markets. First lets take a look at the macro-global backdrop. To date, the US is experiencing a historically severe baby formula shortage as a delayed consequence of supply chain disruptions. The situation has reached a point of severity where US regulators are considering placing purchase limits for baby formula products on major e-commerce platforms like Amazon. As BABY ratchets up production and points of sale both online and offline (just yesterday they announced a strategic agreement with Kroger), they stand to gain from the zero-sum game of formula shortages. Compound this with ever expanding awareness of and desire for plant-based goods by consumers, and BABY appears to be positioning itself as Gerber for the next generation of tots. The company also recently received a Clean Label Purity Award for having the only baby cereal that is heavy-metal free on the US market after a damning consumer safety investigation launched by a congressional subcommittee into the issue of toxins in infant/baby foods.On a final note, last week they announced the acquisition of SNAP eligibility, allowing them to provide plant-based, safe, and nutritious food to America's underprivileged. In other words, bullish catalysts galore. Now lets take a look at the charts, and I'll qualify this by stating the obvious: markets have officially entered correction territory and investors are feeling the burn. Major exchanges are down double-digits YTD, and the first four months of 2022 were the most bearish for US equity markets since 1939. So in other words, the market as a whole is increasingly looking like a dumpster fire, while BABY is trading strong and maintaining a YTD resistance around the $1.12 mark despite downward pressure from sellers/double digit SIR/short activity. RSI places thus baby in slightly undervalued territory, and its approaching the 50-day MA which, given an upward breakthrough, will be a strong bullish indicator. MACD histogram is started to give of signals of a positive momentum reversal, and given the green markets today I think we're in for some gains. And now for the compare-contrast; over the past month BABY is up slightly, but its massively outperforming practically any baseline. They've left the DJI and TSX/S&P composite indexes in the dust in terms of market benchmarks, and the VEGN plant-based ETF has fared even worse. For the fun of it I threw in BUB.AX as well, an ASX-listed baby food/formula manufacturer, to see a peer to peer comparison. While BABY is ~+1% in the 1M timeframe, BUB is down a whopping 24%. BABY has been holding its ground during the worst four months for American equities markets since before WWII, and continues to roll out bullish catalysts that aren't just PR fluff but substantive, revenue-generating operational updates. I'm maintaining my personal BUY/HOLD rating for BABY, but that's just my two cents so DYOR.
TSX:BABYLong
by jw_empower
$NXMH Gains Multiple Big Investors Restricted @ 2X Current PriceOn January 31, 2022, White Knight Co., Ltd., a Japanese Corporation, owned and controlled by Koichi Ishizuka, sold a total of 999,999 shares of restricted common stock of Next Meats Holdings, Inc., a Nevada Company, at a price of $2.63 USD per share, to two Japanese Citizens, both of whom are not considered to be related parties to Next Meats Holdings, Inc., pursuant to Regulation S of the United States Securities Act of 1933. Koichi Ishizuka is an Officer and Director of Next Meats Holdings, Inc. archive.fast-edgar.com/20220202/A7Z2622CZ22ZP2Z2222O22ZWEVVOXZ2S7242/ Over the last month $NXMH has dropped several filings similar to the one above indicating investors have taken huge positions in the stock with restricted shares at 2-3x the current price. It is also collaborating or possibly the shell umbrella company for Wayback Burgers Restaurants and Dr. Foods Inc. both of which is estimated to pull in substantial revenues. With these filings in, it is only a matter of time before the shell status is removed and the real fun begins here. With the current float, $30-$50 is a possibility, but to be on the more conservative side I would say $15-$20 for the first year. It reached $14.50 early in 2021 so anything is possible. Looking forwards to the future of this great company.
OTC:NXMHLong
by StockGuild
Trading plan on BYND for 2022. This is what I want to see. The main level I'm interested in is the support at 50.00. If the price reaches that level, I will start thinking about bullish opportunities. Let's assume that happens. The pattern I want to see is: First: breakout of the current descending trendline Second: a corrective movement with similar proportions to the red line you can see on the chart IF all that happens, I will develop setups towards the next relevant level at 160.00. The horizontal yellow line you can see on the chart is a price level I will use to move my stop loss to break even because it may work as a reversal zone. This setup may become available between 30 to 60 days. In the meantime, it's important to have patience and avoid getting involved with low-quality scenarios. Thanks for reading, and feel free to share your view on the comments ;)
Editors' picks
NASDAQ:BYND
by ThinkingAntsOk
30
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
NASDAQ:BYNDShort
by kingmidasLXIX
Full Analysis on BYND with relevant levels for swing tradersToday we will take a look at Beyond Meat Inc. The main things we can see on the chart are: a) Clear support level working since May 2020 b) Corrective Pattern being supported on the mentioned level. c) Every time in the past the price was there had a strong bounce towards the ascending white trendline, which we can consider a dynamic resistance level d) In this case, we think our view is activated if the price reaches the green horizontal line. If that happens, we will define our invalidation level where you can see the red horizontal line e) Let's talk about targets. Our final target, as you can see, is the previous ATH. However, we have some levels in the middle that we should consider. The Minor Resistance Level 1 will work as the first place where we will move our stop loss to Break-Even. After that, we won't do anything until the price reaches our desired target or hits our entry-level again. f) What happens If the price never reaches the entry-level? - We will cancel our view if the price reaches the invalidation level; otherwise, we will keep waiting until one of those two levels is reached. g) Risk: We will be using 1% risk of our capital on the stop loss. Thanks for reading, guys! Remember: PROTECT your hard earn capital.
NASDAQ:BYNDLong
by ThinkingAntsOk
3
VEGN.C -- Two major acquisitions; gearing up for another leg upVEGN product portfolio includes 52 plant-based and proprietary food products available online and through multiple stores/distributors. Two major acquisitions completed this month: 1) Holy Crap Brands Inc. is the organic/healthy food company, best known for its organic breakfast cereals and has a foot print in major healthy/organic food chains, including Whole Foods and Organic Garage 2) YamChops specializes in the preparation, distribution, and retail sales of over 20 plus proprietary plant-based meats, chicken, pork, fish, and various other vegan food products, experienced 689% increase in online sales in the second half of 2020 versus the same period in 2019 Undervalued compared to peers.
VLong
by wealth_bakery
VERY headed to a new all time high? This stock has been CSE:VERY good to me. The Very Good Food Company makes Vegan Meats better than Beyond and all the other meat wannabes CSE:VERY I first 'bought in' to this company when I tried my first vegan faux breakfast sandwich at their first and only eat-in location in Victoria, Canada. I put my money where my mouth was when I bought into them soon after their IPO at $1.09. Since then, their market cap has exploded to 640m and so has demand for their products. They are rapidly scaling up production to meet an even more rapidly growing demand, with an 82% production capacity improvement since OCTOBER 2020. They recently acquired a small nut-based vegan cheese company to expand their product offerings. Bullish press releases and strong technicals continue to push this stock up. I wouldn't be surprised if an uplisting to the NASDAQ is in their future. A close over 9.50 above their previous all-time highs will be breaking out of a final resistance point could be a good entry with a lot of upside. I am hanging on to what is left of my original position and don't intend on exiting anytime soon, this is a long term hold for me. DISCLAIMER: This is not to be interpreted as trading advice.
VLong
by matrixmisfit
4