BYND trade ideas
Beyond Meat Still a relatively unstable stock in general of approximately 40 days of stability before a drastic change in price.
the stock is still trending downwards within the parallel band.
75 remains as a strong resistance line which can become a strong support line after a breakthrough. A confirmation of breakthrough out of the band will be a great indicator of upwards trend thereafter.
Daily & weekly MACD and RSI indicates an upward pressure but remains in the negative territory.
$BYND headed higher; tracking broad indexes.$BYND completed the (B) wave (lilac B) of a simple zig-zag correction (3-3-5); now it is heading up to the red box to complete the lilac C. The lilac C will be structured as a 5-wave impulsive move to the upside and waves (1) and (2) of that impulsive move completed on Friday. After that lilac C completes $BYND should target new lows.
$BYND await break above $66.50
Stock has suffered terribly in the past 2 months
$66.50 key resistance level to cross.
Trade with care as market can turn on a dime.
You might get the opportunity to buy BYND @ $30 BYND next trending and Fibonacci 161% ratio support around @30 level !
Potential indicationAnalysis speculating on whether we find support on the green line and come in in the next few days for a long or we experience a false breakout following the red trend and find a new in in a week or s.
BYND Round DownBYND ran up into its moving average on the market bounce and is now having to down days, signaling a rounding downward pattern back to the lows around the $50 range.
BYND to Long, in Uptrend, entry at Demand zone.Condition:
1.IPO demand zone confirmed.
2.Downtrend line was broken by break away Gap.
3.in Uptrend, pullback to a fresh demand zone.
Entry below 69
Stop: 63
Target1: 89; risk/reward=1:3
Target2: 100; risk/reward=1:5
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
In my real trade, I use options. I bought JuL C95/110 Call, limit 2.35;
Risk:reward=1:6. No need to set stop.
Sum of my ideas:
2 active, 13 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
Below the MAWe cannot manage to rise above the MA. As long this cannot happen I prefer the downside.
WOW, +$5100 on $ROKU todayHi Guys,
Been hard at work on a new indicator so no videos last week but my developer was busy so I had a good crack at the market today and nailed it.
Enjoy,
Enda
Don't catch a falling knifeBYND is going to be severely affected by the coronavirus. Sales are going to be down, and it has already fallen by 50%. The target is $25, an all-time low.
If you find my ideas helpful, please give me a like and a follow. Thanks!
BYND Snapback bounceBYND has fallen down to near its lowest level around $44-48. This will create a bounce on top of BYND being overextended, to the $62-71 level. I was able to enter at $53. This can be a 1-2 day hold by the time the target is reached in this market.
BYND UpdateBYND finally made it back to the original post IPO opening price as I predicted it would 6 months ago.
The actual IPO price was $25, so it has more room to go down. I keep saying this about every company, so you know I'm still bearish. We're still looking at $3B for a mashed pea recipe.
Still bearish long term, but at least the bubble has popped.
