Potential Head and Shoulders on Beyond MeatBeyond Meat, like much of the broader market, instead of falling from the rising wedge from the March lows, melted into a fairly well-structured head and shoulders pattern. We are flirting with the neckline now, so it will be good to continue to monitor this one.
B2YN34 trade ideas
Beyond meat is a sell hereThe broader market is ringing the bells for possible incoming weakness in a lot of names. BYND has been a very weak link among the newer popular medium cap stocks (~5 bill). I want to be short clean patterns in corrective markets.
I'm short the stock with an initial target of ~115
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I'm long the following put options:
July 17 115 Strike ($.89)
July 24 & 31 100 Strike ($1.85)