BYND trade ideas
$BYND Beyond Meat is Back On the Menu
Beyond meat is back on the watchlist again.
Technically it has acted perfectly, the latest rejection took place at a level of
confluence between a Fibonacci extension of the march low and the .787 retracement of the entire
structure.
I have alerts set for $192 & $199 so as to get ready for a break above $200 setting up a run back
to the all time high. This is not a fad this is a food revolution and direct to consumer is now thriving
whereas in 2019/20 it depended on partnerships with diner restaurant chains.
BYND - SWING ANALYSISBYND - Losing strength for now at current price but the bias is positive and it should be a buy on dips
Buy in the range of 162-164 for Potential upside target 176
Maintain stop loss around 157
Follow the levels as mentioned in the charts.
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BYND Trade Update - Ride the Breakout pattern Updates on existing long position on BYND, the daily chart shows a bullish breakout targeting wave (3) upside target that may reach the 290-300 level. Look to hold on to existing Long positions on BYND stretching the profits out into wave v.
Buy puts at resistance level.I plan on buying puts at the 201.88 weekly Resistance level. My target exit will be the 197.50 high from last week. I might hold till the 186.43 daily support level. Tight stop loss at 202 even.
BYND Looking To Consolidate, Looking for a move down to ~175/170Spinning top candlestick at the the top of an uptrend of 7 straight green days. Could be a signal for BYND to consolidate, especially if SPX finally starts to cools down. A push down to 175/170 would be healthy move down before continuing back up.
BYNDnice move after it finally broke 172 (this should act as strong support now) and now resisted at 1.272 fib (200 level). If it can break through next stop would be 240 which happen to be ATH for this stock.
BYND Trade UpdateUpdates on existing long position on BYND, the daily chart shows a bullish breakout targeting wave (3) upside target that may reach the 290-300 level. The current breakout pattern is suggesting the current rally that could take us through Nov.
The price in BYND had gotten beyond what is reasonable Certainly a growth play, but if you have not already joined I would be concerned about insiders selling and the 12.51% Short Float.
great chart :) look for a dip entrythere should be a dip entry around 160-170 in the future, dont chase! goodluck :)
Beyond Meat Looking For a New Support ZoneChecking back in with $BYND. If you've been following our Beyond Meat Analysis you'll see the level we've been buying at has been around that $125 mark. There has been a lot of activity in that zone and we finally got a break upwards through the resistance. We're expecting a bit of a pull back to find our new support level. If we find support on that previous resistance line in blue we're expecting a bullish continuation (possible cup and handle formation in the making) and our next target would be the $193 area. Happy Hunting and remember keep those stop losses on as the Vix is climbing and we're expecting to remain volatile until after the elections and waiting to see if we're hit with another Covid wave or not.
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(BYND) trending upwards (BYND) could possibly be heading over $200 as you see it has formed a cup with a handle. Just my prediction I’m no rocket scientist tho. I’m actually new to investing but I’m great at analyzing charts and have been studying the economy for quite some time now. With all the uncertainties due to the Coronavirus and the possible "2nd wave" i see a lot of upside with this stock, i just think the economy is moving in the direction of eating more plant-base foods and eating healthy. Let me know what you guys think about this analysis. Drop a like or comment if you want.
BYNDStill going, still love this one. Probably sees $200 before too long. Will add if we get some consolidation here.
