$BYND Beyond Meat not everyone likes meat and the stock riseWithout a doubt, what in the eyes of many meat lovers could seem like a company with no future is gaining more and more acceptance.
Food without meat content is now widespread all over the world with characteristics similar to the traditional corresponding.
The company Beyond Meat that deals with these earns consensus and the title seems to want to go up and up again.
The Miracle Viewer indicator that tries to identify interests on the part of the big players signals us thanks to the Market Miracle advisor a growing interest on the part of institutions and corporations.
It generated an input signal at 152.39 price with a target of 163.46 or a possible profit of 7.2%.
Analyzing the stock seems to have the momentum necessary to make the climb, maybe it will not start immediately but because of the market sentiment not properly positive.
I still expect a price action similar to the one described maybe with a little more time before starting to climb.
I decided to take a position on the title.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
BYND trade ideas
BYND on Break-out Watchlist $BYND seems to be recovering well form a steep decline. I like how it's building the right side of chart. This is very constructive action. I have set an alert on the horizontal line. If/ when it get over that I'll be looking for a logical entry with well defined risk. I have made notations on the chart of what information is important to me. All TBD. Ideas, not investing / trading advice.
My notation on the chart re: moving averages. All are pointing up except the 200.
Final Beyond idea before ralliesStep 1 - Look at 1 year RSI ( lower than in the march dip ) signifying buy.
Step 2 - Multi coloured fib levels used to imply the highs, however due to recent market uncertainty the .618 fib level signified the bottom of this crash. The black fib levels previously signified the lows, now they will signify the next high at around 170.
Step 3 - Previously, technicals all has had a double bottom before the rally, this double bottom has been justified once again, ready for the next upwards move.
Step 4 - the gradient of the previous up runs are fairly consistent, and the current gradient projects the price being 170 at around june 18.
Hope this helps you all. Can easily see 40% gains within the next month.
potential short squeeze target BYND30-day put-call of .7 has fallen to .4 for the 1-day put-call which is a bullish indicator. If retail traders get behind this name forcing those who are short to cover, they could push this back towards its high of over $200 a share.
Short & Put-Call info provided by Schwab.com
BYND Potential Swing?Mainly just thoughts, have yet to do the F.A.
1. Bullish Golden Cross 50/200 crossing
2. RSI got hot quick but it's cooling off, I could see another try to stay above 120 (200MA) on 5/25.
3. I see the reversal and hopeful entry point of 114 (bottom white line)
4. Stop Loss would be crossing below 20 MA
5. Daily shows that 200MA is around 142, could be where I sell off my entire position.
6. NOT SHOWN: MACD showing bullish signals
Not trading advice do your own research
BYND- TESTING YEARLY SUPPORTHI THERE,
HAVENT POSTED MUCH AS I HAVENT BEEN TRADING ALL THAT MUCH RECENTLY. BEEN FOCUSING ON BUILDING UP MY LONG-TERM PORTFOILO WHILE LETTING THESE CURRENT LOSER SWINGS PLAY THEMSELVES OUT. (APRE & CETX)
THIS HOWEVER IS IMPOSSIBLE TO SAY NO TOO. BYND IS TESTING YEARLY SUPPORT WITH THE SHARE PRICE BREIFLY BREAKING THIS LONG-TERM SUPPORT AND HAS NOW BROKE THROUGH THAT SUPPORT, ACTING AS NEW RESISTANCE.
THERE IS STILL SOME CHANCE THIS FAILS AT CURRENT LEVELS, AND COMES BACK TO $100 AND TESTS SUPPORT, BUT I FIND THAT SEVERLY UNLIKELY.
ESPICALLY WITH THE OATLY IPO LAST WEEK, AND RUMORS ON IMPOSSIBLE FOODS SPAC, AND MORE IMPORTANTLY THE CURRENT VALUATIONS OF IMPOSSIBLE AND OATLY COMPARED TO BYND, SCREAMS THAT BYND IS CONSIDERED UNDERVALUED.
IM SO CONFIDENT ON THIS THAT I WILL BE SELLING OFF SOME LMND SHARES I RECENTLY BOUGHT ON THE EARNINGS OVERREACTION TO COVER THE COSTS OF THIS TRADE (I LOVE LMND BY THE WAY!)
GOODLUCK TRADERS! THIS ONE SHOULD BE A NICE AND EASY LONG TERM SWING!
BEYOND MEAT END GAMEDuring the next 2 months, the stock market will undergo a correction due to inflation fears. Beyond is a great company, however, this drive will cause the stock price to drop to the maximum possible retracement, .146 sitting at around ~$73/74. This is confluent to the bottom of the triangle.
The worst-case scenario is that we enter a bear market for some reason greater than inflation fears. If that happens then BYND will go to ~$33/34. Technicals Support this PT because the length of the head and shoulders along with the length of the rising wedge give the same number when we position the est trendline. BYND balance sheet isn't the best since they are consistently losing money.
The best-case scenario is we bounce from my target and retest the top of the triangle.
When the day comes where we break that triangle, I can see $1000 in a couple of years and $4000 by 2050.