1BYND trade ideas
BYND Round DownBYND is going to complete its rounding down formation until it meets support around the $75-76 area. The momentum of the overall market will carry it to these levels.
BYND heading lowerBYND now in a choppy zone, if we can get below $84 then this could shoot down to 73 quick before making another bounce, careful on this as IV is high and these options move fast.
BYND Round DownBYND is going to continue its downward trend now that its filled its gap. This is a sign of a reversal as well as the forming of a rounding down formation. This will play until support is reached at $85.
NO TRADES TODAY!Hi Guys,
No trades today but look at what TrendSpotter picked up!
See ya Monday,
Enda
Beyond Meat Bullish despite Deep retrace $bynd
Super earnings were lost among the noise in the market,
The stock has retraced deep but to a bullish fib 0.786 level, typical wave 2 level.
Upside targets $100 & $110
BYND Meat Earnings Date ApproachingWe have a wedge pattern forming on the BYND 4hr chart as we get closer and closer to the earnings date on the 27th after the market closes. Price could really break out either way.
Last quarter it earnings surpassed Wall Street's estimates by posting a profit of $0.06 per share on revenue of $92 million vs the expected $0.03 on revenue of $82.2 million.
Stay tuned.
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+$1100 on $BYND in 1 minHi Guys,
I quick move in $BYND today. Up $1100 and done for today.
Enjoy,
Enda
BYND - Trade the bounceBYND successfully defended 87 area. This tells me that this is a short term bottom. My problem with the current structure is that I am still not confident on the current RSI levels. I think that it might dip near 81 before it bounces.
This is a buy below 87, stop below 76(or 81 depending on market conditions). Bounce target of 100. After the bounce, I'll count it as a lower high the I'll reshort. I am still not bullish on us equities.
Beyond Meat On alert $bynd
Possible entry on break above Middle bollinger band and horizontal resistance $104.
Target price $112 short term
Stop loss $101.50
Set for the CNBC bump after last nights interview with Jim Cramer
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BYND Retest/RemountBYND fell down with the market after earnings. But rallied on support at the $185 level, followed by another green candle to partially fill the gap in its chart. I think the retest off support and remount on a strong candle will carry this stock to the $105 level before it faces more resistance.
BYND - looking to close gap Tested support at 85 last Friday and closed a bullish hammer. Long with initial target at gap fill area 104-106..
$BYND Short Brings Home the BaconBYND has finally imploded again after earnings. We called this as a short candidate at $122 on 1/22/20. Now, traders should be up over 30 pts and it's time to start banking the gains. Support remains still far below in the $75 area.
See prior call:
Beyond Meat has massive growth but Punished $bynd
Maybe on a different day the post earnings move may have gone the other direction.
Would not be surprised to see it rally today after a very deep retrace.
$105 is the critical level.
Short interest 24%
Earnings highlights, Source SeekingAlpha
Beyond Meat (NASDAQ:BYND) reports revenue jumped 212% to $98.5M in Q4.
Gross profit soared to 34.0% sales vs. 25.0% a year ago off the sales leverage.
Net income was -$0.5M vs. -$7.5M a year ago.
Adjusted EBITDA arrived at $9.5M vs. -$3.8M last year and the consensus mark of $5.8M.
Looking ahead, Beyond Meat anticipates FY20 revenue of $490M to $510M vs. $486M consensus and adjusted EBITDA as a percentage of revenue close to the 2019 level. Gross margin is seen landing in a range of 33% to 35% for the full year.
BEYOND MEAT INC (BYND) DailyDates in the future with the highest probability for price direction reversals
BYND- Bullish continuation or distribution?Whether you like it or not, BYND is the first mover in the alternative meat industry.
There is just way too much upside and growth to be captured in this nascent industry.
Future trend toward green environment and sustainability will only push this industry higher.
Three scenarios-
#1. Test the local resistance one more time and break out of the bull flag pattern. Third time is the charm!
#2. Retrace first, then trapped shorts cover their shorts which propel the price higher. Swing long opportunity.
#3. Key support lvl broken. Long at the second key support lvl. Positional long opportunity.
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Beyond Meat Into earnings $bynd
High risk - High reward
Good entry level on move above $118.33 (point of control) and a 1 hr close above.
Target 1 $135 overall fib .382 retrace target, typical swing position
Short interest of 27%
All trades very risky ATM, so don't trade what your not willing to lose, there will be better opportunities in the future.
Uncertainly means do nothing.
$BYND ER PlayLooks like an inverse h/s forming with a target of 157.
ER may trigger the next wave up.
I will be playing call debit spread since IV is way too high.
