0Q3 trade ideas
$BYND Running or expanded flat?We´re currently working with 2 scenarios:
- a running flat could have already been completed, and we´d see upside movement from here (above 165 would be very bullish)
- if bulls can´t hold price above 120, an expanded flat is expected, then we could fall all the way to the high 80s
Current price levels (130s) are no man´s land, and I won´t be taking any trades... let bulls and bears fight for a while.
BYND BEYOND MEAT INCHI guys! We are trading BYND in a bull channel where we reached the bottom, with a nice 2 bottom formation( bull sign). Histogram on MACD looking good. Volume is drying (bull sign). SMI on weekly time frame entering the green zone. I think it`s a great opportunity to buy the stock for a period of 2-3 months. Also, BYND have strong new collaborations that can influence the price action sooner or later in a bull run.
Keeping an eye on thisBYND always trades very cleanly. We have a nice bullish channel on daily to watch here. Recently broke the 200sma on daily, so will be on watch to see if the gaps below can fill. This can also bounce here off support so will wait for confirmation. My guess is it cracks support and moves lower.