$BYND ER PlayLooks like an inverse h/s forming with a target of 157.
ER may trigger the next wave up.
I will be playing call debit spread since IV is way too high.
B2YN34 trade ideas
BEYOND MEAT 1D RANGE TRADESRanges are repeatable trading chart patterns.
ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
+$695 on 1 trade in $NFLXHi Guys,
I missed 2 wicked trades in $ROKU & $BYND but I still for paid.
Enjoy,
Enda
BYND Long?Not much history in BYND but there may some nice opportunity in there. The first chart, in log, shows the 1:1 & the 1.27 extensions respectively aligned with the 0.5 & the 0.618 fibs. In arithmetic scale, the 0.618 lands in our green box. One to follow!
Beyond Meat Strangle Play ($BYND)Nice channel, chilling at the middle of it with a spot below around 70 on the trendline and above around 78. Decent Strangle opportunity here if you buy within $2 OTM (Out of the money) on either side, same cost. $BYND
Swing Trade - CALLS - earnings 3/2 - RSI holds over 50It is still a good time to enter calls (see linked chart). RSI bounced off 50 (yellow circle) and now stochastic is also back above 50. Price has tested 20sma and made a higher close today. IV has started to increase cost for the 3/6 expiry options and should continue to rise. I am holding a 160 call, 3/6 expiry. Top of blue rectangle in chart, 160ish, is my target.
You can enter 2/28 expiry if you want to trade a move up this week, or buy 140-160 strike in the 3/6 week and let rising IV boost your position if stock goes higher. Trade small, and take profits before earnings. If you hold any calls thru earnings, your potential loss should be small and not wipe out your profits.
Beyond Meat trying to break resistance
Alert set for break above the $130 level for possible long entry
4th attempt to make this break , resistance should be weakening
Upside target $140
BYND breaks out of Bull FlagBYND has broken out of the Bull Flag it had formed, I'm looking to sell at 180-185.
Golden Cross on 4hr BYND Chart The bulls have gotten the Golden cross on the 4hr BYDN stock chart and we also saw a dip and a bounce right on the 50ma where we were hoping to find support.
We're staying long at the moment with BYND especially until earnings date about 9 days away. Say Tuned!
Shoot us a like and give us a follow as we come back with more updates.
Cheers!
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BYND Earnings upcomingBYND is about to have its earnings, I am expecting it to continue this pattern until the run up to earnings and then the stock will plummet thanks to the lackluster sales of the "beyond burgers".
