BYND trade ideas
BEYOND MEAT ($BYND): Bullish Beyond Earnings?✨ We provide charts every day ✨
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Looks like bull, tastes like bull, but its time to find out what this Beyond Meat is really made of going into earnings. Look, people need to eat even during COVID, but are they eating enough Beyond Meat for price to break through resistance, that is the question?
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1. Fractal Trend is showing an uptrend (Green background color) for BYND on the 30 minute chart.
2. An uptrend into earnings is good news for Beyond bulls. That said, we are making plays based off of Breakaway Scalper, which currently is signaling neutral with a Grey Bar color after a profitable long (Green bar color) that ended April 27.
3. We are currently waiting on a definitive signal from Breakaway Scalper (for example a long signal as long as the uptrend remains).
4. Assuming the uptrend continues, we will be looking for reactions at R1 - R3 to the upside.
5. If we head lower, the S1 orderblock cluster is a logical spot to find support, while "the floor" highlighted on the bottom represents the last hope for Beyond bulls.
BYND just a little undercookedUPDATE FROM LAST POST:
Suggested downtrend into earnings but if bounced off of support today (it did) then a rise into earnings
News made people think overcooked. Temporary drop because of it.
BYND Overcooked and may drop through earningsThis company is not protected through the virus.
Wells Fargo affected its stock price dramatically.
Long term Bull for the next few month, volatile with short opportunities
NASDAQ:BYND
BYND: Beyond Meat is a SELLThe stock has bounced hard but is now facing the upward trendline with MASSIVE daily negative divergence. This puppy drops hard next week.
BYND exhausts momentum, rolls over, and taps outs$BYND has been on a terror for the last few days, coming back from a 52 week low to embrace an all-time high. In total it took 30 days to rake in a 230%+ gain.
Now the rocket has come to an end. Here's how the chart plays out:
After seeing a last-ditch spike of buying interest, it gapped up out of its previous channel to set it's the new high in price and volume.
A second attempt at the high was repelled before it retraced to the first Fibonacci level of 0.236 ($99 Resistance Level)
Established sideways channel
2 Additional attempts to test past high, both failed
6 progressive new lowes
Increase selling pressure forced it past $99 to $97
Projection: $BYND will continue to fall throughout the day tomorrow and second Fibonacci level and resistance point of 0.382 ($90.00)
I'd love to hear your thoughts. Leave a comment and let me know if you agree or see something different.
+$1290 today on 5 tradesHi Guys,
Some over-trading today and a lot of rule breaking. Won 3 and lost 2 but came out on top! Green results in the chat room also!
Enjoy,
Enda
$BYND Beyond meat targets | Resistance levels
The short squeeze continues in BYND but be careful as some major resistance levels are approaching
The overall Fibonacci .382 retrace level @$123.58 is a key level to watch
BYND Meat | Heating Up or Cooling Off?As we approach the next NASDAQ:BYND earnings report, traders may be looking for an entry. Although we'd all love to play a good earnings report, I don't think I will unless we can break out of this bullish flag and long-term resistance. I'll update this play this week.
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DotcomJack | Easy Loot Trading
Opportunity for long on BYNDBYND moved a significant amount this morning based on news. It has however pulled back which is expected in a bearish bat pattern. It is also struggling to hold the 50 day MA. However, it is likely to attempt the previous high at 102 if continues its progress.
Beyond Meat - $BYND - Low Risk Channel PlayBeyond has gained major traction after COVID-19 and China's opening as well as solidifying deals with large corporations like $SBUX and others. With COVID-19 and the recent news of issues with supply chains regarding meat production we saw a major move to the upside last week. I believe we will see a large correction in the coming week, however I do believe the long-term outlook on $BYND to be quite bullish. In the short-term, restaurant related companies are still struggling and this should have a major affect on the stock, a high-probability short is in play targeting the $80 area.
BYND falling wedge is broken to upsideNASDAQ:BYND can retest the upper edge before ER on May 5. Accumulating longs
3 ways to play this earnings | Beyond Meat Technical Analysis3 in-depth scenarios taking you through how I plan on playing earnings with NASDAQ:BYND
Scenario 1: Mini Falling Wedge (Bullish)
If this is indeed a falling wedge, we should see it smack both support and resistance 3 times prior to its decision.
If this is the case, I'll be looking to grab a position later this week for a short-term trade.
Scenario 2: Massive Bullish Channel
This is why we need to be very patient with this trade. TA would tell you we should see another retest with even lower lows before breakout long-term. If we hold under I'll back up the truck and prepare to load up the puts.
Scenario 3: Beautiful Earnings Rip
In the case of a massive breakout, I will aim to grab a few calls with some time (expiring 2 weeks after earnings) with a strike around $120. If we get a solid correction I'd hope we can grab something like $115 strikes for the price of the $120 strikes at open.
Once again, if breakout is successful we will see price movement toward $120 before earnings most definitely. If we grab 3 or 4 $115 calls expiring may 22, we will probably be able to sell 2 for our original investment plus profit. This would allow us to hold the remaining contracts through earnings.
"Risk it for the biscuit" but secure your profits at the same time :)
Depending on the next 48 hours, I will choose one of these scenarios. We will ball out, this is Easy Loot.
DO NOT TRADE THIS! YOU WILL LOSE MONEY...
DOTCOMJACK
+$4680 today on 3 straight wins in $ROKUHi Guys,
Made some changes today and had 3 straight wins, easy as that!
Enjoy,
Enda
40% 7 Day Return for ‘Beyond Meat’ (BYND)
PROs:
Earnings are forecast to grow 55% per year
Revenue grew by 240% over the past year
40% 7 Day Return (last)
BYND Is forecast to become profitable over the next 3 years
BYND’s revenue (26%) is forecast to grow faster than the US market (7.5% per year)
BYND’s debt to equity ratio (8%) is satisfactory
BYND has sufficient cash runway for more than 3 years
Positive news for BYND amid COVID
Analysts recommend a ‘HOLD’ for BYND
CONs:
Highly volatile share price over the past 3 months
BYND’s share price is overvalued ($108) compared to its Fair Value ($50)
BYND is unprofitable
BYND’s Return on Equity is expected to be low in 3 years time
BYND does not pay a dividend
BYND Insiders have been selling more shares than they have bought over the past 3 months
Analysts are neutral on BYND, with some Investment banks downgrading
Report:
Beyond Meat (BYND) has knifed through trend line resistance and 200 sma on the Daily time frame, and is now trying to push through this strong resistance zone (C). Just up ahead is the all-important 38.2% Fibonacci retracement level taken from the highs of July 2019 (A) and the lows of March this year when it finally bottomed out at sloping trend line support (B)
Bottomcatcher’s Opinion: There is not a whole lot of data out there on this company as it only recently went public, and so we can only work with what we have. Paying attention more so on the Technical outlook, we need to break, close, and hold above the 38.2% Fib line (1) which comes in at 120.50 before we can consider going long for a medium-term holding period. For a longer-term outlook (holding period), above February's 2020 high (128.54) would be considered a safer option to go long.
Note: Levels are subject to change over time.
