BYND trade ideas
(BYND) trending upwards (BYND) could possibly be heading over $200 as you see it has formed a cup with a handle. Just my prediction I’m no rocket scientist tho. I’m actually new to investing but I’m great at analyzing charts and have been studying the economy for quite some time now. With all the uncertainties due to the Coronavirus and the possible "2nd wave" i see a lot of upside with this stock, i just think the economy is moving in the direction of eating more plant-base foods and eating healthy. Let me know what you guys think about this analysis. Drop a like or comment if you want.
BYND LONG This is a tricky one but I want to be long on BYND. As you can see as it has held support over the past couple trading sessions it has been accumulating volume and is setting up nicely to make a move to $200. This one is wanting to go higher and in a market with not a lot of major competition BYND could make another run up.
*NOT INVESTMENT ADVISE*
09/28/2020 BYNDBYND may have just finished a wave 4 triangle or a 1 2 1 2 formation and is going into wave 5 of wave 3. This ending wave 5 may be a part of a leading diagonal which could be wave 1 of an extended wave 3. Also there exists trendline support which provides clear defined risk. PT is at least 160, looking for 165 (triangle throw over).