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BEYOND MEAT DRNBEYOND MEAT DRNBEYOND MEAT DRN

BEYOND MEAT DRN

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B2YN34 trade ideas

BYNDBYND - Couple things going on here in my opinion...Cup and Handle is pretty prominent in blue as well as a Bull Flag in yellow. The purple rectangle is the equal target for a cup and handle from a more conservative perspective, placing it at the bottom of the W instead of at the top of the potential breakout. In my analysis, it completed a 5 Wave structure and is now in the WXY correction. I think the W has been put in, and we will pump up to the X in the shorter term regardless in my opinion, whether we correct down to Y or pump up further from the X is a different story. I am swinging some equity as well as some Calls with expirations further out in December. Short term target is 185ish and longer term at the top of that rectangle at 215ish. Earnings is on Nov. 2 so this could run up into earnings but ill just have to wait and see how it plays out.
NASDAQ:BYNDLong
by saadkhan24
1