BYND trade ideas
$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 good earnings. I see some preconditions the share price will continue growing.
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 $133,11;
stop-loss — $119,10.
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 Breakout Continues- Beyond Meat is set to benefit from the current breakdown in the traditional meat supply chain and ongoing shortages.
- Technically we have broken out of its downtrend and now managed to hold this breakout for a consecutive days. Price is technically overbought and it's likely to consolidate at these levels. This is noted in Connor's RSI momentum now rolling over.
- We see the up sloping Median line as a logical target - although a big focus will be on the Beyond's ability to grow revenue to justify these levels.
- Overall with a global focus on Climate Change thematic investing and more generally on sustainability, Beyond is well placed to continue a growth trajectory. It has a solid product offering and is gaining traction globally.
$BYND $165 Target Zone
Stock is putting the shorts under serious pressure and continues to grind higher.
Fundamentals are falling into place for the company as society faces some major changes and the food supply chain comes under pressure.
Nice support from &&12ma's
$145 a possible entry level above main Fibonacci .5 level
BYND'S Potential long term upsides: Forcasat for the next month.Beyond Meat was already coming down when some dude ate a bat. The amount further it dropped, is not by very much in comparison to where it was already. It seems like BYND could be positively effected by the new normal. More young investors trying to save the world. Any who last time we got here from the bottom- we blasted through $100 and did not look back. I expect the same.
Don't eat MEAT- EAT BABIES!!
***This is in no way shape or form financial Advice***
A tad too muchHey guys,
I am looking for a pullback on BYND. This stock has had increasing price, with declining volume, and to top it off a massive bearish divergence on multiple time frames. The SMA and EMA are also turning bearish. I don't believe we will see a complete trend reversal, but I believe a pullback to the 100-120 area would be a healthy correction. Happy trading guys!
- Matt