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BEYOND MEAT DRN

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B2YN34 trade ideas

Beyond Meat - $BYND - Low Risk Channel PlayBeyond has gained major traction after COVID-19 and China's opening as well as solidifying deals with large corporations like $SBUX and others. With COVID-19 and the recent news of issues with supply chains regarding meat production we saw a major move to the upside last week. I believe we will see a large correction in the coming week, however I do believe the long-term outlook on $BYND to be quite bullish. In the short-term, restaurant related companies are still struggling and this should have a major affect on the stock, a high-probability short is in play targeting the $80 area.
NASDAQ:BYNDShort
by sphen
3 ways to play this earnings | Beyond Meat Technical Analysis3 in-depth scenarios taking you through how I plan on playing earnings with NASDAQ:BYND Scenario 1: Mini Falling Wedge (Bullish) If this is indeed a falling wedge, we should see it smack both support and resistance 3 times prior to its decision. If this is the case, I'll be looking to grab a position later this week for a short-term trade. Scenario 2: Massive Bullish Channel This is why we need to be very patient with this trade. TA would tell you we should see another retest with even lower lows before breakout long-term. If we hold under I'll back up the truck and prepare to load up the puts. Scenario 3: Beautiful Earnings Rip In the case of a massive breakout, I will aim to grab a few calls with some time (expiring 2 weeks after earnings) with a strike around $120. If we get a solid correction I'd hope we can grab something like $115 strikes for the price of the $120 strikes at open. Once again, if breakout is successful we will see price movement toward $120 before earnings most definitely. If we grab 3 or 4 $115 calls expiring may 22, we will probably be able to sell 2 for our original investment plus profit. This would allow us to hold the remaining contracts through earnings. "Risk it for the biscuit" but secure your profits at the same time :) Depending on the next 48 hours, I will choose one of these scenarios. We will ball out, this is Easy Loot. DO NOT TRADE THIS! YOU WILL LOSE MONEY... DOTCOMJACK
NASDAQ:BYND
by DotcomJack
4
40% 7 Day Return for ‘Beyond Meat’ (BYND) PROs: Earnings are forecast to grow 55% per year Revenue grew by 240% over the past year 40% 7 Day Return (last) BYND Is forecast to become profitable over the next 3 years BYND’s revenue (26%) is forecast to grow faster than the US market (7.5% per year) BYND’s debt to equity ratio (8%) is satisfactory BYND has sufficient cash runway for more than 3 years Positive news for BYND amid COVID Analysts recommend a ‘HOLD’ for BYND CONs: Highly volatile share price over the past 3 months BYND’s share price is overvalued ($108) compared to its Fair Value ($50) BYND is unprofitable BYND’s Return on Equity is expected to be low in 3 years time BYND does not pay a dividend BYND Insiders have been selling more shares than they have bought over the past 3 months Analysts are neutral on BYND, with some Investment banks downgrading Report: Beyond Meat (BYND) has knifed through trend line resistance and 200 sma on the Daily time frame, and is now trying to push through this strong resistance zone (C). Just up ahead is the all-important 38.2% Fibonacci retracement level taken from the highs of July 2019 (A) and the lows of March this year when it finally bottomed out at sloping trend line support (B) Bottomcatcher’s Opinion: There is not a whole lot of data out there on this company as it only recently went public, and so we can only work with what we have. Paying attention more so on the Technical outlook, we need to break, close, and hold above the 38.2% Fib line (1) which comes in at 120.50 before we can consider going long for a medium-term holding period. For a longer-term outlook (holding period), above February's 2020 high (128.54) would be considered a safer option to go long. Note: Levels are subject to change over time.
NASDAQ:BYND
by the_short_hustle
5