BYNDSick move today but I totally missed it! Should keep heading higher. Much higher. Looking to get long any pullback, if we get one.
BYND trade ideas
Channel TradeBynd Broke above its 200 MA today with news of a deal with taco be.. 50ma is crosses over 100ma to. This channel is on a weekly time frame. Double bottom at 145 conformation. Next targets are green lines
BYND time?BYND sitting at the bottom of my channel and getting close to breaking that downtrend resistance line to signal a reversal also volume starting to increase if this continues we could see a nice run up
$BYND Beyond Meat Day trade to $126
Play the channel and hope for a breakout, until then we aim for a channel touch and rejection
BYND the Impossible. Sept $150CTL;DR -
BYND Sept 17 150C
BYND Sept 17 180C
BYND Sept 17 240C
If you look through my history you'll see that I've generally been a perma-bull on BYND. It's a great company and has pretty stellar product. They're not as "meaty" as Impossible, but they're meaty AND not greasy but really filling - think of it as a different burger category altogether - like the Yin to the Impossible Yang. Together, they bolster the entire plant-based protein market.
Thesis here is that BYND has hit a number of support levels. Of course it could break below, but I feel more confident that BYND has already seen its short-term and mid-term drops. - See the RSI? On the 1 Year (above chart) it's oversold. However, if you drill into the 6 month and 3 month though, it's overbought (which scares me).
As an industry, plant-based proteins are booming with vegetarians, flexitarians and traditional meat eaters alike. Plant-based meat category today is reminiscent of the plant-based milk category when it was in its early stages of rapid growth.Financially, this company is VERY well funded and stable. What matters in the plant-based world is of course a solid product, but now more than ever is ability to scale production and scale distribution. BYND has the capital to make this happen.
5.66 Quick Ratio - Hot Diggity
- www.gfi.org
- www.gfi.org
- thespoon.tech
Here's something else - year over year, even despite the pandemic and restaurants shutting down, Q3 2020 still showed growth compared to Q3 2019. Should expect to see the same for Q4 20.
The hearts mark exit points.
BYND - Strengthening from LowsBYND - I was short this until today. It never met my target, and now appears bullish. I'd expect it to try to get back to 140 area.
LONG BYNDExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
$BYND Beyond Meat on Crucial Support Cluster
The stock has been a real killer in recent months as selling and news is relentlessly bearish,
it has now hit a cortical level where we may see a short reversal.
On Monday it touched - Fibonacci support
Pivot point support
Volume shelf
Rising trendline.
Today we will look for a small long and add as previous candle resistance is broken.
Looking for a Short Entry Position, BYND has more downside atmBYND had terrible earnings and that stumped the growth of the next big thing regarding plant based meats. An ad campaign helped push the price up but it seems the company has been very quite as of recent since earnings report. I see more downside before any sort of recovery.
Meat back upWith a Democratic win and a sustainable future ahead this is not likely to drop further than pervious resistance. I suggest a push back up around 112-113
BYNDHad really high hopes for this one. Still do, but will need a lot more time if this level is lost. Looking to get aggressive if it does happen to reverse.
