BYND trade ideas
Beyond Meat Bullish despite Deep retrace $bynd
Super earnings were lost among the noise in the market,
The stock has retraced deep but to a bullish fib 0.786 level, typical wave 2 level.
Upside targets $100 & $110
BYND Meat Earnings Date ApproachingWe have a wedge pattern forming on the BYND 4hr chart as we get closer and closer to the earnings date on the 27th after the market closes. Price could really break out either way.
Last quarter it earnings surpassed Wall Street's estimates by posting a profit of $0.06 per share on revenue of $92 million vs the expected $0.03 on revenue of $82.2 million.
Stay tuned.
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+$1100 on $BYND in 1 minHi Guys,
I quick move in $BYND today. Up $1100 and done for today.
Enjoy,
Enda
BYND - Trade the bounceBYND successfully defended 87 area. This tells me that this is a short term bottom. My problem with the current structure is that I am still not confident on the current RSI levels. I think that it might dip near 81 before it bounces.
This is a buy below 87, stop below 76(or 81 depending on market conditions). Bounce target of 100. After the bounce, I'll count it as a lower high the I'll reshort. I am still not bullish on us equities.
Beyond Meat On alert $bynd
Possible entry on break above Middle bollinger band and horizontal resistance $104.
Target price $112 short term
Stop loss $101.50
Set for the CNBC bump after last nights interview with Jim Cramer
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BYND Retest/RemountBYND fell down with the market after earnings. But rallied on support at the $185 level, followed by another green candle to partially fill the gap in its chart. I think the retest off support and remount on a strong candle will carry this stock to the $105 level before it faces more resistance.
BYND - looking to close gap Tested support at 85 last Friday and closed a bullish hammer. Long with initial target at gap fill area 104-106..
$BYND Short Brings Home the BaconBYND has finally imploded again after earnings. We called this as a short candidate at $122 on 1/22/20. Now, traders should be up over 30 pts and it's time to start banking the gains. Support remains still far below in the $75 area.
See prior call:
Beyond Meat has massive growth but Punished $bynd
Maybe on a different day the post earnings move may have gone the other direction.
Would not be surprised to see it rally today after a very deep retrace.
$105 is the critical level.
Short interest 24%
Earnings highlights, Source SeekingAlpha
Beyond Meat (NASDAQ:BYND) reports revenue jumped 212% to $98.5M in Q4.
Gross profit soared to 34.0% sales vs. 25.0% a year ago off the sales leverage.
Net income was -$0.5M vs. -$7.5M a year ago.
Adjusted EBITDA arrived at $9.5M vs. -$3.8M last year and the consensus mark of $5.8M.
Looking ahead, Beyond Meat anticipates FY20 revenue of $490M to $510M vs. $486M consensus and adjusted EBITDA as a percentage of revenue close to the 2019 level. Gross margin is seen landing in a range of 33% to 35% for the full year.
BEYOND MEAT INC (BYND) DailyDates in the future with the highest probability for price direction reversals
BYND- Bullish continuation or distribution?Whether you like it or not, BYND is the first mover in the alternative meat industry.
There is just way too much upside and growth to be captured in this nascent industry.
Future trend toward green environment and sustainability will only push this industry higher.
Three scenarios-
#1. Test the local resistance one more time and break out of the bull flag pattern. Third time is the charm!
#2. Retrace first, then trapped shorts cover their shorts which propel the price higher. Swing long opportunity.
#3. Key support lvl broken. Long at the second key support lvl. Positional long opportunity.
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Beyond Meat Into earnings $bynd
High risk - High reward
Good entry level on move above $118.33 (point of control) and a 1 hr close above.
Target 1 $135 overall fib .382 retrace target, typical swing position
Short interest of 27%
All trades very risky ATM, so don't trade what your not willing to lose, there will be better opportunities in the future.
Uncertainly means do nothing.
$BYND ER PlayLooks like an inverse h/s forming with a target of 157.
ER may trigger the next wave up.
I will be playing call debit spread since IV is way too high.
BEYOND MEAT 1D RANGE TRADESRanges are repeatable trading chart patterns.
ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
+$695 on 1 trade in $NFLXHi Guys,
I missed 2 wicked trades in $ROKU & $BYND but I still for paid.
Enjoy,
Enda
BYND Long?Not much history in BYND but there may some nice opportunity in there. The first chart, in log, shows the 1:1 & the 1.27 extensions respectively aligned with the 0.5 & the 0.618 fibs. In arithmetic scale, the 0.618 lands in our green box. One to follow!
Beyond Meat Strangle Play ($BYND)Nice channel, chilling at the middle of it with a spot below around 70 on the trendline and above around 78. Decent Strangle opportunity here if you buy within $2 OTM (Out of the money) on either side, same cost. $BYND
Swing Trade - CALLS - earnings 3/2 - RSI holds over 50It is still a good time to enter calls (see linked chart). RSI bounced off 50 (yellow circle) and now stochastic is also back above 50. Price has tested 20sma and made a higher close today. IV has started to increase cost for the 3/6 expiry options and should continue to rise. I am holding a 160 call, 3/6 expiry. Top of blue rectangle in chart, 160ish, is my target.
You can enter 2/28 expiry if you want to trade a move up this week, or buy 140-160 strike in the 3/6 week and let rising IV boost your position if stock goes higher. Trade small, and take profits before earnings. If you hold any calls thru earnings, your potential loss should be small and not wipe out your profits.
