BYND trade ideas
Long Looks like there’s an inverse H&S, breaking and confirming the neckline will lead to a low 57 to a high 64 target
Above & BYND MeatTitle says it all up up and away. Fundamentally with the whole ESG push there is no way that this company, doesn't rage back up into the $100+ area. However on the technical side, looks like it just lost its last level of support so should crash and burn. Wouldnt be surprised to see a hostile takeover where billy gates comes in and swoops the tech at the right price to push his adgenda. Careful out there folks, "meat becoming expensive" isnt an accident. companies that take advantage of emotions will thrive
BEYOND $BYNDBeyond Meat. its what everyone wants/ needs + it taste good. variable factor ESG check. Institutional support check. Growth check+. Price check. Short interest check. Cyclicality check. Historically a Pair trade, Breakout ready. Yes.
Beyond is 100% go inverted head and shoulders Bull Flag. PRICE is Right... Target *80 upside can be much higher regression channel Mean tear gets 121+
BYND is on the watchlist 👀nice break past downtrend resistance, break below 40.43 and we may see some more downside, a move over 45.24 and im targeting 49.08-54.97
BYND may be tapping outI originally thought this was trading in a symmetrical triangle (month view). I discovered diamond patterns. It's making me go hmmmm... What do you think about this idea?
Diamond Patterns signal a reversal:
www.moneycontrol.com
Beyond Meat (NASDAQ: $BYND) Trading @ 82% Discount From ATH! 🌱Beyond Meat, Inc., a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. It operates under the Beyond Meat, Beyond Burger, Beyond Beef, Beyond Sausage, Beyond Breakfast Sausage, Beyond Chicken, Beyond Fried Chicken, Beyond Meatball, the Caped Steer Logo, Go Beyond, Eat What You Love, The Cookout Classic, The Future of Protein, and The Future of Protein Beyond Meat and design trademarks. The company sells its products through grocery, mass merchandiser, club, convenience store, natural retailer channels, restaurants, foodservice outlets, and schools, as well as through an e-commerce site. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was founded in 2009 and is headquartered in El Segundo, California.
BYND - Beyond?Watching. Looking to enter after the earning report if it managed to jump higher back to the support line? Financial status looks attractive and decent, and I wouldn't mind purchasing this stock.
$bynd potential reversal$bynd earnings tomorrow
We are near IPO price
We could be seeing some sort of relief bounce on earnings call tomorrow
company of the future strong buy food security is a serious concern and considering the impact of the recent pandemic on the factors of production which has proven the importance of diversifying the means of production
BYNDWe're pulling back to retest a double bottom on the1 hour time frame. If price holds at this level we could see major rejection. If price fails we'll see a lower low created.
Beyond meat rib targets Beyond meat has had a strong resistance level since the news of the Pepsi partnership last year. At no point since has it broken out of the trend line, breaking out would mean we’d see incredible short term gains. I target the 0.5 and 0.618 fib levels as last time in the March 2020 dip, a similar pattern had occurred.
BYND Bouncing at previous supportBYND bouncing off support in the low 50s. The previous times it has made a major move from this point. If it breaks out of it's current downtrend channel it is poised to make a run. Weekly RSI and MACD oversold and crossing.
Beyond bullish RSI.We look left, we see the exact same set-up going from 2019-2020; a slowly declining share price, with increasing bullish divergence.
In 2020, the breakout led to a target price within the golden pocket at at 135 from 71, a 90% increase.
Now we have potential for a 100-130% share price increase to meet the golden pocket.
Beyond meat hit major support Beyond has hit a support level set by IPO price and Covid dip in March 2020.
It has also hit the lower declining wedge level suggesting a reversal soon
BYND chart shows one gigantic bullish pennantA bullish pennant is forming when looking at the entire history of this chart. The price balances around the high volume line (red). The breakout of the pennant is highly speculative and could be way earlier.
I don't give financial or investments advice just my point of view.
Beyond Meat seems on the verge of a breakoutIt seems to me that last months of the Beyond Meat chart is showing similar aspects to an earlier rally. Aside from the chart data, there's also a lot of bullish news going around. I don't expect this to lay around it's IPO valuation price for long.
This is no financial advice.
Beyond Meat chart shows a lot of curves, looks like a symmentry.It seems like a symmetry of pattern of curves. Just an idea, let me know what you think of it.
BYND UpdateSo my pennant wasn't correct last week, it actually formed a much bigger one. As you can see, it's overbought on the hourly, so probably a bear trap dip this afternoon and possibly tomorrow. Things like to back test the pennant before breaking out so a down day won't surprise me but I would not short this stock.
Rather wait for the breakout and go long. Target appears to be gap resistance from earnings, $85.
Of course everyone knows this garbage can get there in a hurry with a short squeeze, so it may happen as early as tomorrow, lol. Might be worth a day trade. Keep an eye on it tomorrow.
