BYND trade ideas
BYND - Chart and technicalsBeyond Meat - a volatile stock that can quickly move one way or the other based on public sentiment or news. A stock like this typically trades very well based on technicals in periods where news or sentiment changes are not prevalent.
Technically: The stock is coming out of a recent bull flag to the downside, so momentum is still pushing the stock down. It closed today (6.12.2020) just under recent resistance, but just above a long term support (there is also a second support that shows up on the 4 hour candle, but I don't much care for it). There is also a short term uptrend over the past 3 weeks keeping the stock afloat.
Predictions: I think on Monday (6/15) we have three scenarios.
1). We see a gap above the overhead resistance with room to run up to where the bottom of the bull flag was tested as resistance (~$155).
2). We see a gap below the recent upwards trendline and then BYND will follow the overall market to bounce off of the support at $141 and trade a bit sideways.
3). We see a stronger gap down (with overall market fear) below the recent upwards trendline and then BYND will break support at $141 and trade towards support at $130 over the next couple of days.
But I don't know anything and am legitimately bad at this. Don't follow my advice, trade at your own risk. (I personally think we see option 3, but I am pretty bearishly biased, also these are short term plays; 1-2 weeks.)
BYND let's take off!!!Swear to god BYND can be the best stock for this year. Meat shortage+some fundamentals, it'll reach $300 soon with or without this whole COVID 19 issue.
Weekly outside bar has successfully formed.
Never too late to long this stock. Trust me.
Beyond meat, and let's beat the meat
the BYND stockmore potential the BYND stock break down next days just the price between 133.00/121.00 but after that we can see the price going up the 180.00 price
$BYND can rise in the next daysContextual immersion trading strategy idea.
Beyond Meat, Inc., a food company, engages in the provision of revolutionary plant-based meats in the United States and internationally.
The share price rose after announcing a new distribution deal with China.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $155,27;
stop-loss — $148,56.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Beyond Meat Beyond Meat looks in an interesting situation, where it might break up with targets in area 160/170.
McMillan Volatility Band Sell Signal in Beyond Meat $BYNDConfirmed sell signal in Beyond Meat, ticker: BYND. Initial stop set at 148.00. More information on this indicator is available at the link below. If you're interested in following along on trades like this one, navigate to the link for our website on our TradingView profile page.
BYND is consolidating after Strong RallyBullish Divergence setup was a success. Bull rallied and bounced from EMA20 (Very bullish)
BYND advance 80% since beginning of April. The bull must be tired now..
Currently, it consolidating around key fibo 130-150
Plan:
Scenario1 : Wait for Slow Turtle Breakout Buy signal above 148 with Volume or FiFT spike
Scenario2 : Wait for pullback to around EMA20. Look for Bullish Reversal candle with Fast Turtle Buy signal confirmation and FiFT spike.
Potential Target 170, 230 , 310, 360, 400
BYNDmonster move today. now resisted at the 1.272 fib. between fib and 159 is fit of range. Need to be move that for another move
BYNDExpecting this move for Monday.. Maybe a good scalp?
Long term idea is to wait for retracement of wave 2 to long wave 3.
Bynd coiled up. likely breakout LongPendant, coiled up, ready to breakout either way. Im favoring longs.
$BYNDWhat can we say? I have tried their Dunkin sausage sandwich and BKs burger.
Pretty good for...whatever it really is.
It is basically at the 50% mark of it's ATH and beginning of life. They will
creep more and more into our food sources. It's the way to go. I see the
frozen food offerings in our Publix meat section and (at)QuarryRock sees
them up in the NE at Wegmanns.
