BYND trade ideas
Beyond Meat - recovery ? A recovery for BYND ?
With the break, today of this level we can maybe go back to the green line which is an interesting level.
But why "neutral" on this level ? Regarding the context and the company fundamentals, I'm not confident on this.
Technicalsnice elliot wave end, dbl top on daily, shooting star on weekly, bear flag intraday wht else can we get macd cross on 4ht lol
ResistanceWe are facing an old resistance since August 2019 which I suppose to hold in today's bearish environment.
+$502.50 today trading $ROKU and $BYND!Hi Guys,
2 wins and 1 loss today in $ROKU and $BYND.
Enjoy,
Enda
$BYND $165 Target Zone
Stock is putting the shorts under serious pressure and continues to grind higher.
Fundamentals are falling into place for the company as society faces some major changes and the food supply chain comes under pressure.
Nice support from &&12ma's
$145 a possible entry level above main Fibonacci .5 level
BYND'S Potential long term upsides: Forcasat for the next month.Beyond Meat was already coming down when some dude ate a bat. The amount further it dropped, is not by very much in comparison to where it was already. It seems like BYND could be positively effected by the new normal. More young investors trying to save the world. Any who last time we got here from the bottom- we blasted through $100 and did not look back. I expect the same.
Don't eat MEAT- EAT BABIES!!
***This is in no way shape or form financial Advice***
+$819 today in 3 trades in $ROKUHi Guys,
Feeling under the weather today so lucky to get out green.
Enjoy,
Enda
BYNND- Position idea.SwingHello, everyone,
BYNND- Position idea.Swing
SUPPORT US TO BUILD A COMMUNITY--FOLLOW--LIKE--COMMENT.
Kind regards.
A tad too muchHey guys,
I am looking for a pullback on BYND. This stock has had increasing price, with declining volume, and to top it off a massive bearish divergence on multiple time frames. The SMA and EMA are also turning bearish. I don't believe we will see a complete trend reversal, but I believe a pullback to the 100-120 area would be a healthy correction. Happy trading guys!
- Matt
BYND BounceBYND bounce off the high with a failed breakout above $135 level. Selling pressure came in. Telling me this will run down for a couple days acting as a bounce of the recent high back towards the moving averages around $115 range.
BYND Beyond expectationsDoing great for the Bulls right now but expect a rebalance soon in the coming days once the meat is off the grill for a bit.
Can go down to the 114-110 area.
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.
$BYND Falling Wedge + DivergenceWEEKLY CHART
DAILY CHART
Main Support Lines
$136.38
$57.55
As we can three in the weekly, daily, 1-hour chart of Beyond meat we can see 2 main thing. First the falling wedge and second a regular bullish divergence.
1. Falling Wedge
We can see it clearly in all the charts forming with the 2 main trendlines forming it with the purple colour.
2.Divergence
We can spot the 1st divergence in the daily chart with the blue colour when as price dropping the rsi indicator is rising. The same thing we can see in the 1-hour price chart
SCENARIO
Both the falling wedge and the regular bullish divergence indicates that in sometime the price will break the wedge with breakout, and ultimate go to the support at 136$
