0Q3 trade ideas
BYND falling wedge is broken to upsideNASDAQ:BYND can retest the upper edge before ER on May 5. Accumulating longs
3 ways to play this earnings | Beyond Meat Technical Analysis3 in-depth scenarios taking you through how I plan on playing earnings with NASDAQ:BYND
Scenario 1: Mini Falling Wedge (Bullish)
If this is indeed a falling wedge, we should see it smack both support and resistance 3 times prior to its decision.
If this is the case, I'll be looking to grab a position later this week for a short-term trade.
Scenario 2: Massive Bullish Channel
This is why we need to be very patient with this trade. TA would tell you we should see another retest with even lower lows before breakout long-term. If we hold under I'll back up the truck and prepare to load up the puts.
Scenario 3: Beautiful Earnings Rip
In the case of a massive breakout, I will aim to grab a few calls with some time (expiring 2 weeks after earnings) with a strike around $120. If we get a solid correction I'd hope we can grab something like $115 strikes for the price of the $120 strikes at open.
Once again, if breakout is successful we will see price movement toward $120 before earnings most definitely. If we grab 3 or 4 $115 calls expiring may 22, we will probably be able to sell 2 for our original investment plus profit. This would allow us to hold the remaining contracts through earnings.
"Risk it for the biscuit" but secure your profits at the same time :)
Depending on the next 48 hours, I will choose one of these scenarios. We will ball out, this is Easy Loot.
DO NOT TRADE THIS! YOU WILL LOSE MONEY...
DOTCOMJACK
+$4680 today on 3 straight wins in $ROKUHi Guys,
Made some changes today and had 3 straight wins, easy as that!
Enjoy,
Enda
40% 7 Day Return for ‘Beyond Meat’ (BYND)
PROs:
Earnings are forecast to grow 55% per year
Revenue grew by 240% over the past year
40% 7 Day Return (last)
BYND Is forecast to become profitable over the next 3 years
BYND’s revenue (26%) is forecast to grow faster than the US market (7.5% per year)
BYND’s debt to equity ratio (8%) is satisfactory
BYND has sufficient cash runway for more than 3 years
Positive news for BYND amid COVID
Analysts recommend a ‘HOLD’ for BYND
CONs:
Highly volatile share price over the past 3 months
BYND’s share price is overvalued ($108) compared to its Fair Value ($50)
BYND is unprofitable
BYND’s Return on Equity is expected to be low in 3 years time
BYND does not pay a dividend
BYND Insiders have been selling more shares than they have bought over the past 3 months
Analysts are neutral on BYND, with some Investment banks downgrading
Report:
Beyond Meat (BYND) has knifed through trend line resistance and 200 sma on the Daily time frame, and is now trying to push through this strong resistance zone (C). Just up ahead is the all-important 38.2% Fibonacci retracement level taken from the highs of July 2019 (A) and the lows of March this year when it finally bottomed out at sloping trend line support (B)
Bottomcatcher’s Opinion: There is not a whole lot of data out there on this company as it only recently went public, and so we can only work with what we have. Paying attention more so on the Technical outlook, we need to break, close, and hold above the 38.2% Fib line (1) which comes in at 120.50 before we can consider going long for a medium-term holding period. For a longer-term outlook (holding period), above February's 2020 high (128.54) would be considered a safer option to go long.
Note: Levels are subject to change over time.
$BYND hits resistance once again
Strong pocket of resistance now in the way of the recovery.
200 day moving average
horizontal resistance
fibonacci resistance
$above 130 some clear air.
PLEASE DROP A LIKE IF THIS HELPS, THANKS.
+$2625 on 6 trades today with 3 wins and 3 lossesHi Guys,
Nightmare today. 3 losses but kept the SL to 50c so the $1 wins made sense.
Enjoy the weekend,
Enda
BYND - BEYOND MEAT INC | the hype is realThis is a hedge against meats...
GLHF, trade at your own risk!
$BYND Gets a Push as Meat Gets ScarceBYND is suddenly interesting again. We called this short back in Jan/Feb.
But now, with meat processing centers starting to shut down in droves, the stock is catching interest on a scarcity thesis. $120-140 isn't out of reach here.
$bynd Beyond Meat Breaking Major TrendlinePossible short squeeze today going on, resulting in this major trendline coming under pressure.
Crossed above bollinger band and RSi and indicators have room to run
BYND BULLISH! GOLDEN CROSS- Golden Cross shown, signs of the stock being bullish. Looking at support around $83.00
- Target 1 $90.00
- Target 2 $101.00
$BYND surges on China Market exposure
Starbucks are introducing Beyond Meat options to their stores in China which could be a major boost to the stock
BYND formed another Higher Low. NASDAQ:BYND
+Bullish Divergence on Weekly chart
+Price bounce from IPO price and formed Higher Low and Higher High.
+Price breaks and bounce from EMA20/Demand Zone and formed another Higher Low.
+Fast Turtle appears above 78 (Need to close above 78)
+ Force Index +ve indicating Bull is in control
+ ATOM buy signal appears.
- However, the bull is vulnerable since Volume is very thin.
SL below 70.
Beyond meat upside Targets $bynd
Strong weekly resistance sits at $83.00 a break above could bring a strong move to $90
Dependent on the market conditions which currently look very weak
LONG ON BMIts a long time that i have posted
1.Fund :COVID-19 etc not very important for the small time frame i expect this to work.
2.Techn:
a.If you notice the stock has used the 61.8 fibo as a resistance point in the past and i believe there is high chance it will happen again.
b.A reverse h&s has formed.Not textbook form but i have noticed that it tends to work.(could pass as an upwards channel also)
c.The price bounced on the 50ema and and seems to just break over the 75$ resistance.
d.14d Stoch are at the high side
e.MACD is almost at signal
To sum up :67-68 SL and TP at 99.5 good R/R .Expect this to play till start of May
Points to consider
1.If you look at 1h its very likely that i have missed the retest and price moves up.
2.The other factor i have my doubts about this is that the S&p and DJ are both very close to resistance lvls so a general downwards move could drag this down.
Hope it helps Good trading
