BYND trade ideas
BYND - Filled the gapBYND soared on the Pepsi news, but TBH - it wasn't really a catalyst for anything new. I believe the market is actually waiting on bigger news re: KFC and possibly other major casual outlets. Here's the thing, they're already in with Pizza Hut, which as a part of YUM brands, means they have the needed connections into Taco Bell (www.marketwatch.com) which has already been announced. KFC will be the next drop. The Pepsi partnership is interesting because YUM brands was originally a part of PepsiCo before it spun off. Basically, Beyond Meat has some serious connections in the food industry.
The bullish thesis is this: BYND filled the Pepsi gap-up. It didn't breakdown after correcting. The stock still hasn't touched its ATH from IPO days. They are under pressure from Impossible Foods. These two companies however, are very much like Burger King and McDonalds. They work well together and the market is not a zero-sum game.
Mid-term, BYND will soon see its ATH. A major catalyst like KFC will send it above its ATH and create a new long-term growth channel.
Beyond Meat has Retraced, Long From HereGood opportunity to long this from current price. It has retraced to 0.618 Fibonacci and filled the gap after spiking a couple of weeks ago. This is a market that is only going to grow and Beyond Meat are probably the biggest name in it. target is at least the all time high at 239.71.
BYND big spotBYND at a huge spot for a massive decision IMHO. I lean bullish and plan to take a start entry soon. Will monitor the position for adds or flip
BUY $BYND - 02.08.2021Stockonomy Weekly Pick 02.08.2021
$BYND Gapped up on high volume back to back days before low relative volume pullback to 61.8% Fibonacci Levels.
Friday's price action resulted in an inside day candle representing an excellent trade entry.
We could see further consolidation as StochRSI is not quite extreme, however, $BYND may not give us much more time.
$BYND breaking Flag for a possible wave 5Analysis of the chart shows that BYND has two waves already. Wave 2 did not come down to .618 but wave 4 perfectly bounced off of the .618 trendline.
Bull flag is clearly formed by the 205 run up that wsa recenty had. Bull flags most commonly form in the 4th Wave consistent with the chart.
It appears BYND is breaking out of its flag and starting its 5th wave.
BYND will explode.....when to entry!?Yes very big potential to explode price target 200+ in next days!
Med term entry point 165/172!
Short term entry point 174/175 at close!
SL:165
This it's just my idea and not afinacial advice!
Good luck to everyone!
BYNDChart reminds me of NFLX. Big gap up to ath then came back to test the 61.8. I'm long and added back some calls I sold yesterday.
Overreactions Lead To Opposite Reactions...A lesson in over-reactions to positive news in the market, and BYND is no stranger to that.
I would exit this if you're long as the risk-reward on this shorter term isn't worth it.
Often times these announcements will pump the stock so high up that it creates a gap in the charts.
The gaps often need to fill to create healthy price structure. It's not ALWAYS the case, but it tends to happen. Traders know it, and that's why it happens.
Other technical indicators are screaming overbought. Daily candle with along upper wick is normally bearish, as is being over 70 on the RSI and Stochastic RSI.
BYND Gap Fill ReversalBYND has recently filled the gap in its chart down to the $163 level. It has since remounted over the mvoing average as support. Now that the gap is filled i believe a reversal will come to the next layer of resistance in the daily chart around 180.
BYND update... gap filled and Falling wedge breakout?BYND... watching this for reversal, news with Impossible Foods (competitor) cutting prices has really intensified the plant based market competition driving bynd stock price down. Tough news from BYND to overcome but keep a look out for market changing news. Also with ER approaching next month this could be a bit early but from a TA standpoint its looking like a nice dip buy. Also keep in mind we are in the middle of my channel with room to run either way.
BEYOND ADD AT 0.618 FIBBONACI 164 USD FOR BOUNCEBeyond pull backed to 0.618 golden pocket fib ratio to 164
This is a strong buy from this level.
Buy or stay poor.
Bynd channel updateClosed gap today at 164 (Yellow line) and bounce off. If 164 gives way, its next support and target is 141-142. if it rallies channel top is the target 224$. This stock is heavily shorted so if you go long keep stop losses at 164.. just an idea
Cup and HandleHas broken out, went past long entry level and experienced a throwback. Is not back under long entry level..
Volatile stock so no telling..
I also see a double bottom
Cup low is 113.26
Mid cup is 155.38
Cup high is 197.50
Long entry level is slightly above cup high..targets are calculated using cup depth..
Short interest is high and with all the squeezes, not sure what will happen..
Filling a gap right now..
NV flat and OBV is up
Trememndous run recently so sell off possibly due to profit taking which is human nature''
Not a recommendation/Be safe on this one. I have never traded this one but do know it can be volatile
Earnings 2-25
$BYND $220 On The Cards In The FutureAs you can see, Beyond Meat has a nice and clear channel it's been working with since Feb of this year.
Stock had an overreaction to its earnings which actually took it down to 105 AH which was the bottom of the channel (chart doesn't show AH).
Since then it's already went up by 30% but it's just getting started. Looking for it to test the upper channel within the next 6 months around 220.
*Just My Own Thoughts*
BYND at great position to keep the UPTRENDThe stock: NASDAQ:BYND , that only few months ago consider IPO, came to our life as a money maker after it makes 300% only by 30 days of trading.
Since then, this stock moved a lot, and I think its finnaly arrive to place we can try predict its futere according to the last movments.
As I see it now:
1. BEND moved twice to break the all time high, both of time Its come down perfectly according to FIbonaci, and started return up.
2. The last movment stoped near the 200 $ , witch is symbolic price, and I can defently see resistance there.
3 the stop price is very near to the current price, and we can also see that in the last few days the stock kept being above that support level.
For this trade, I would buy with half of the buing power I usually does,
after 10 percent of movment I will join the other half.
my take profit will be around 200$ , witch let me leave with almost 40% up.
Of course, trading this stock is by our own risk.
I am not responsiable for any lose that this stock can make you.
Keep trading well.
Beyond the meat inc looking to buyGapping up yesterday.
Now decline to green scd band on 15min
I will look to buy for rebound from here.
Below 1hr top bolinger and 1hr green scd band.
Let’s see how today open will play out.
BYND - Pepsi Teaming UpGreat Day for BYND holders as BYND just announced a partnership with PepsiCo under an joint venture called PLANeT Partnership. Time will tell exactly how much of a market they can gain with their products so price moves like these can be attributed to shorts covering their positions as well the positive news.
TA:
If you check out our previous charts, we've been accumulating BYND all through the $113-$123 levels. We've seen constant support here for the previous 7 months. We set up stop losses at $203 and just under the bottom line of our parallel channel in purple. A solid +50% return on this one.
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Cheers!
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