BYND trade ideas
BYND LONGBasing above 200 ma and wonder cloud. Short term expect a rip back up to previous highs. Invalidation below 200 ma.
Bullish Cypher PatternPossible stop under D
Long entry level for this pattern is too far over support for me to enter this at that level
There would be support at that red resistance line at 141ish after price crosses it and in a clear uptrend.
It is trying to do so now
That is all I have to say about that..lol
Volatile stock so be safe
$BYND - BEYOND MEAT INC // LONGBounced nicely around .618 FIB. This should act as key support going forward. Currently oversold.
IMO $BYND had an overreaction after earnings. There is a small GAP to fill.
Targets are given in the chart.
BYND Trade IdeaIf we see hold of 138 zone, we should be seeing 145.
Entry would be on retracement at 138; and stop loss of 70c below it.
BYND Choppy but Bullish at 0.50 Fib/PL. BYND
Today's Date 11/18/20 Wed 3pm
Bullish
Orange PLs drawn from 4h chart.
Plan TLDR: Wait til stock falls to 0.50fib/strong PL Support/132.55, buy in, sell at 0.618 fib (140.39)
Plan: 0.50 Fib & 132 price point have been strong supports for BYND. The stock fell sharply due to McDonalds announcement of the competing McPlant burger, and it looks like the stock is zone trading between 0.5 fib and 0.618 fib as trading assess uncertainty. Make the quick play -bullish on 0.50 fib.
$BYND Beyond Launches new product for huge Chinese Market
BYND's new pork replacement for the Chinese market may help
ignite a more sustained recovery in the stock .
All the bad news was dropped on earnings, so maybe the bottom is in .
Alert set for move above $132. into the gap.
Short term target $140- $141
$BYND Potential LongAfter a disappointing earnings, MFI is slowly reaching oversold levels. That combined with the strong 50% retracement level that has seen solid support throughout the year. However, ADX shows that there is little to no trend. Potential catalyst with $MCD. I would continue to monitor this stock movement and look for a trend reversal comfirmation.
BYND target 165 for wave 3Not the clearest 1-2 structure, but it is valid. I would be confident taking a position with a stop under the November low at 105, for a trip to 185 as part of wave 5. Copyright Rohan Karunaratne 2020
BYND has bottomed.We are looking to bounce right off 200SMA and 0.5 fib retracement. Going long above $127. Later will decide if i should close near 100SMA.
$BYND target $138 next weekKijun Sen is flat and more often than not price reverts back to Kijun Sen. If price is at the current level, it will revert back soon to $138.
