$BYND hits resistance once again
Strong pocket of resistance now in the way of the recovery.
200 day moving average
horizontal resistance
fibonacci resistance
$above 130 some clear air.
PLEASE DROP A LIKE IF THIS HELPS, THANKS.
BYND trade ideas
+$2625 on 6 trades today with 3 wins and 3 lossesHi Guys,
Nightmare today. 3 losses but kept the SL to 50c so the $1 wins made sense.
Enjoy the weekend,
Enda
BYND - BEYOND MEAT INC | the hype is realThis is a hedge against meats...
GLHF, trade at your own risk!
$BYND Gets a Push as Meat Gets ScarceBYND is suddenly interesting again. We called this short back in Jan/Feb.
But now, with meat processing centers starting to shut down in droves, the stock is catching interest on a scarcity thesis. $120-140 isn't out of reach here.
$bynd Beyond Meat Breaking Major TrendlinePossible short squeeze today going on, resulting in this major trendline coming under pressure.
Crossed above bollinger band and RSi and indicators have room to run
BYND BULLISH! GOLDEN CROSS- Golden Cross shown, signs of the stock being bullish. Looking at support around $83.00
- Target 1 $90.00
- Target 2 $101.00
$BYND surges on China Market exposure
Starbucks are introducing Beyond Meat options to their stores in China which could be a major boost to the stock
BYND formed another Higher Low. NASDAQ:BYND
+Bullish Divergence on Weekly chart
+Price bounce from IPO price and formed Higher Low and Higher High.
+Price breaks and bounce from EMA20/Demand Zone and formed another Higher Low.
+Fast Turtle appears above 78 (Need to close above 78)
+ Force Index +ve indicating Bull is in control
+ ATOM buy signal appears.
- However, the bull is vulnerable since Volume is very thin.
SL below 70.
Beyond meat upside Targets $bynd
Strong weekly resistance sits at $83.00 a break above could bring a strong move to $90
Dependent on the market conditions which currently look very weak
LONG ON BMIts a long time that i have posted
1.Fund :COVID-19 etc not very important for the small time frame i expect this to work.
2.Techn:
a.If you notice the stock has used the 61.8 fibo as a resistance point in the past and i believe there is high chance it will happen again.
b.A reverse h&s has formed.Not textbook form but i have noticed that it tends to work.(could pass as an upwards channel also)
c.The price bounced on the 50ema and and seems to just break over the 75$ resistance.
d.14d Stoch are at the high side
e.MACD is almost at signal
To sum up :67-68 SL and TP at 99.5 good R/R .Expect this to play till start of May
Points to consider
1.If you look at 1h its very likely that i have missed the retest and price moves up.
2.The other factor i have my doubts about this is that the S&p and DJ are both very close to resistance lvls so a general downwards move could drag this down.
Hope it helps Good trading
Beyond Meat Still a relatively unstable stock in general of approximately 40 days of stability before a drastic change in price.
the stock is still trending downwards within the parallel band.
75 remains as a strong resistance line which can become a strong support line after a breakthrough. A confirmation of breakthrough out of the band will be a great indicator of upwards trend thereafter.
Daily & weekly MACD and RSI indicates an upward pressure but remains in the negative territory.
$BYND headed higher; tracking broad indexes.$BYND completed the (B) wave (lilac B) of a simple zig-zag correction (3-3-5); now it is heading up to the red box to complete the lilac C. The lilac C will be structured as a 5-wave impulsive move to the upside and waves (1) and (2) of that impulsive move completed on Friday. After that lilac C completes $BYND should target new lows.
