BYND - thesis played out - traded below $10BYND - thesis played out - traded below $10
Caution at +$117 in Aug-2021
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BYND trade ideas
Can BYND rise from its support /demand ( multiyear low) ?BYND had it surge in the post Covid months. As seen on the weekly chart, multiple
touches of the supply / resistance zone occurred in the range of $160-180 per share.
Price is now at 5-10% of the highs and at the multi-year lows. Volume is weak.
The RSI swing indicator has given a buy signal but I am skeptical. BYND is heavily shorted
and sellers have dominated. My idea is to set an alert for a price of %15.00.
The volume profile both short and longer term shows a lot of buying at the current price range.
My idea is to set an alert for $15. If BYND can get there, some momentum might be achieved
especially if some short sellers feel some pain and look to buy to cover and close.
Otherwise any down trends in the general market will tend to drag BYND down as well.
Look for long term buyHello
@beyondmeat stock chart.
Companies net loss more than tripled for the H1 2022 as compared to last year.
Net Loss per share @ -ve 3.11
-ve cashflows
Stock topped @ USD 239.71
Current price USD 33.22 (-90% from top)
Recommendation: DON'T BUY (may remain @ bottom for long)
BYND : UpdateEMAs are already bearish with the price that already tested in a bearish way the slow EMA 250h and created a new lower low.
The next interesting swing level is at 14.17
BYND - 50% GAINOn the chart, we can see a triple bottom for BYND, which is at its all time low.
Because of these facts, we expect a huge upside for BYND 50% gain from its current price.
RSI is showing a bullish divergence.
More details are shown on the chart.
Good luck!
$BYND ShortThis is a straight up intuitive hit from meditation and I don't hate it. I love to short fake meat products LOL
I "hear" it'll drop $4 & it popped in immediately when I asked what to short. Last week the answer to the same question was $DB and that worked out.
I don't follow this one much fyi. I'm kind of new at this straight intuitive stuff, but it's been working, so wth. I checked with my dowsing and got the "bear market begins" option, and the market should reverse today for a healthy drop.
BEYOND MEAT is close to a mega bullish break-out.Beyond Meat (BYND) is below its 1D MA50 (blue trend-line) but unlike the previous break on August 19 2022, it is reversing to re-test it as a Resistance. If successful, it will be the first step towards a major bullish break-out.
The long-term Resistance is the June 30 2021 Lower Highs trend-line, basically the trend-line that started from the most recent peak. At the same time, the price hasn't closed a 1D candle above the 1D MA200 (orange trend-line) since July 02 2021. This is the Resistance Cluster we should be looking for. A closing above those (also the 0.236 Fibonacci level is there) will be the major buy signal on the long-term that will start targeting the Fibonacci retracement levels one by one.
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Short on $BYNDI don't know how this company is still in business. Started taking shorts here, and I think we're headed back to structure.
BYND Bearish inclined naked calls 17 Mar expiryWhats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going down with fear,
go short on weak companies when they are 75% at the top of the range.
The current story and situation of BYND fits this criteria in terms of weak operational roll out, business viability in a price conscious consumer environment. I don't think in such an uncertain market will traders want to risk their money on this company
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 510 Calls @ 0.18
Strike 27
55% to Strike
BP Used: 101k
Max Gain: 9,180
February Gainers (BYND, account up 1%)4th gainer in February is BYND . Holding period is 43 days (1/12/23-2/24/23). Account up 1%.
This month till today, my account is up 4%, average holding period is 67 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
Watchlist 2023-02-24 #BA #NTES #TDOC #BND SPY - pointing to a lower open coming up this morning ahead of significant inflation data. The release of the final core personal consumption expenditures price index on a MoM basis, which is the preferred inflation measurement of the Fed. SPY seemed to take this news negatively as we flushed down to the 396 support. SPY is in an expanding range, bouncing off key 296.00 support and back to 401.30. This can be a tricking market when we are range bound and not making significant lower lows and producing mostly fake outs.
Short Watches:
BA - Boeing Reportedly Pauses Delivery of 787 Dreamliners. Breaking 205.60 flat bottom support on negative news. Fakeouts above 221, tested the lower end of the range with a weak bounce. Also, rejection of the 2.3.60 level in PM, If market stays weak this is an A+ trade setup.
NTES - Earnings Missed Estimates. Wide range day PD and gapping down below the 80.00 pivot and PD bottom, and below the 200 EMA. Room to 75.
TDOC - continuation short
Long Watches:
BND - Forecast Offer 'Positive Surprise' with better-than-expected sales, earnings. Decent PM vol at 165K and RVOL is OK at 1.0. Breaking out of the 18.28 range with room to the next supply level 21.35. PM activity looks like sellers are coming in at 20 even. If we can hold the PM base at 19.20 willing to make the breakout scalp long. Else, need new support to form at 18.28.
Other watches:
FIVN, LCID, SQ
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, preferably with news catalysts.
Yellow = Support
Purple = Resistance
Red = short opportunity
Green= long opportunity
its like 400% upside and no one will ride with meima throw the kitchen sink into this on tuesday
fair warning.
BEYOND MEAT Stock Chart Fibonacci Analysis 022323Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 17/61.80%
BYND: Climbing up with my favourite setupIf this is the beginning of another bull market cycle, then watch out for this one
BEYOND MEAT strong bullish push to expect
Hi viewers, BYND in last periods only bearish trend, here now exepcting to see changes techncially picture looks strong
TP1:20
TP2:22
TP3:24
Above and beyondBeyond Meat will be huge in the coming years IMO as the transition from us humans eating meat as our primary source of protien will ultimatly be made harder and most likly very expensive (check W H O there plenty of documents on agenda 2030 to go with what im saying)
Alternatives/subtritutes to actual meat should see the growth as it becomes the norm, weve already seen in 2022 beyond meat in mcdonalds and other fast food chains and also in most of the big name supermarkets across the globe.
Like other risk on asset BYND has alos seen a 90+% rejection from all time highs, during these high is when beyond meat launched, it was when the partnerships with mcdonalds was seen and also when we started to see it on tv and shelves in these stores.
Anyone who listens to what i talk about will know price moves before the news and during the time above price was getting ready to reject with very clean bearish reversal pattern (check chart below) during which retial investers and the majority of traders who follow retial logic was buying into this asset beliveing it will rocket on launch, this is how these big banks and intituions get paid by drawing in the hurd and shitting down their necks.
What we do in here we change that, we take from the cherry at the very top and filter it all the way down.!!!!
Long term hold and buying here at $16 with the potential of us seeing BYND above $150 in the near future.
First level of resistance here is $33 breaker, once we recliam this we can most defiently be comftable with " the bottom is in" and we sit back and watch.
Also note we may see two draws on liquidty at $54/$74 with a possible correction after, here we can add to our postion.
BYND bullish Wyckoff AccumulationBeyond meat has formed a classic Wyckoff accumulation pattern since September, broken the upper resistance and retraced back to the old resistance ( now support )
There's a strong diagonal resistance since June 2021, which price has be retraced numerous times before.
Price target determination:
- Distance from resistance and support of accumulation = distance travelled after breakout.
- This coincides with diagonal resistance mentioned above.
- $23 seems to be sensible target at the moment. If breakout of diagonal & strong market sentiment, breakout of diagonal resistance is a strong possibility.
- Stop loss at $15
BYND finally breaks from consolidation 🥶4 month consolidation, breakout and retest of the previous resistance.
resistance turned support (bullish) now wants to head higher to 22-38 targets/local resistance areas.
Boost and follow for more! thanks ❤
BYND Potential for Bullish Continuation | 30th January 2023Looking at the H4 chart, my overall bias for BYND is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 16.65, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 11.04, where the recent swing low is. Take profit will be at 22.54, where the overlap resistance is.
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BYND Potential for Bullish Continuation | 30th January 2023Looking at the H4 chart, my overall bias for BYND is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 16.65, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 11.04, where the recent swing low is. Take profit will be at 22.54, where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Beyond Meat - The Vegan Short SqueezeIf looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher.
In recent days I've noticed some unusual options activity in a handful of highly shorted names and this is one of them.
Paired with bullish bets on these names with some sizeable money, overall indices this week finished on a strong close going into next week.
Above this $17.00 level on BYND is a volume gap where significantly less volume has traded as only 4 days moved it through this zone last year. These voids can sometimes fill rather quickly when price starts moving back through them. In conjunction with this, LBR MACD has a first cross which can be a long buying opportunity, with an RSI that has recently cooled off from overbought.
Today I opened a long BYND position. This is in anticipation that we test the upper part of the channel again as well as that $17 area, possibly getting into the gap. Mix in the fact that this stock has a float nearly 40% short, with earnings a month away; there could be a short squeeze over the next few weeks in this one.
BYND Long setupShort and sweet here.
BYND is showing signs of consolidation and reversal. Investors with high risk tolerance can take a long position at this location with a stop-loss around ~$14, as this would indicate failure to truly reverse. The first true confirmation of reversal would be a break out of its channel established in September, with a close above around ~$17.20. Full confirmation of reversal occurs with a close above ~$20.50.
There are also various options strategies which can be executed on this play. Look to the February and march contracts at $17.50 and $20.00, respectively, and if pursuing a more aggressive / risky strategy consider a call debit spread to limit losses.
