Buying calls at monthly Support!I plan on buying calls at the 167.16 monthly support level. I would have wanted to buy in at the 172.29 weekly level but there just so much downward pressure that it ripped right through that weekly level. Should have a nice reversal at this 167.16 monthly level. I plan on buying a little after the level is reached to ensure the bottom.
*THIS IS ONLY A GAME PLAN* if the level is never reached than no harm no foul :)
BYND trade ideas
BYND - Big up if support holdsBYND - Here's a new one for our watchlist. Not sure a retest of the support zone is for right now but once 5 up are done, it's a possibility and occasion for a long.
For now, it looks like a simple wave 4 correction.
A break above the channel should take this for a fifth wave higher.
$BYND Beyond Meat is Back On the Menu
Beyond meat is back on the watchlist again.
Technically it has acted perfectly, the latest rejection took place at a level of
confluence between a Fibonacci extension of the march low and the .787 retracement of the entire
structure.
I have alerts set for $192 & $199 so as to get ready for a break above $200 setting up a run back
to the all time high. This is not a fad this is a food revolution and direct to consumer is now thriving
whereas in 2019/20 it depended on partnerships with diner restaurant chains.
BYND - SWING ANALYSISBYND - Losing strength for now at current price but the bias is positive and it should be a buy on dips
Buy in the range of 162-164 for Potential upside target 176
Maintain stop loss around 157
Follow the levels as mentioned in the charts.
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BYND Looking To Consolidate, Looking for a move down to ~175/170Spinning top candlestick at the the top of an uptrend of 7 straight green days. Could be a signal for BYND to consolidate, especially if SPX finally starts to cools down. A push down to 175/170 would be healthy move down before continuing back up.