BYND - Did you forget about Beyond Meat?Potential triangle/inverse head and shoulders forming as well as weekly bullish divergence. These sort of stocks like to run while the market is choppy which i expect into March. Breakout above 80
BYND trade ideas
BYND - levels to watch 1/10/22$BYND
Support 62.94
Resistance 70.57
Consider Calls above 72.75
Consider Puts below 62.94
The 107k 70p sell on 1/07 caught my eye. Most other large purchases on 1/07 were leaps - the other big purchases that are DTM puts seem to be the closing of some OI - will confirm today
see my twitter for more
BYNDLooks to me like BYND is forming some sort of pennant today.
I think it moves big on Monday, could be worth playing a spread or maybe a protected long position. The top is probably in for the day so you might as well wait until right before close to make a decision.
I'm leaning bullish based on daily chart patterns but it looks like a lot of people who bought the past month are selling at $71 and bailing. That was the resistance for the past month. i still think it's a garbage stock though, a mashed pea recipe is not worth $4.5B.
BYND at a remarkable opportunity!$BYND as you can see, we have a nice pennant charted up with a breakout move of ~$130
We can see the breakout to the downside. But it seems that this is going to invalidate the initial breakout by catching support here and continue the breakout move up. If we can see just a tad more confirmation of this support, this would make my target for BYND to be $202
Making this a a 170% return on investment if you enter long at $75 (shares)
I largest concern is the $113 level, because here we can reject off of the pennant and begin the downtrend again. I will be watching it carefully at that level
Reversal here is also supported with alot of strength coming in with $SPY, $QQQ, $SPX, and $ES and massive buying pressure on BYND down here
Visit my profile for more trading ideas
To Infinity and Beyond (Meat)?Beyond Meat - Short Term - We look to Buy at 60.97 (stop at 55.50)
Previous support located at 60.00. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move higher. This provides an excellent risk/reward opportunity to fade the current bearish move.
Our profit targets will be 85.29 and 94.12
Resistance: 90.00 / 100.00 / 115.00
Support: 60.00 / 50.00 / 45.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
BYNDMID-TERM: Daily tweezer bottom with volume at the PCZ of a bullish shark after breaking out of a wedge on high volume, a lot of good news recently, almost 40% short interest and rising call option volume. (not financial advice)
Beyond ~ BYNDHuge reversal today in beyond meats. Could see this potentially go on and fill the gap in the lower 90's!
BYND - Beyond MeatInteresting set-up looking for lows at current or near current levels for a rally to 100+ shortly
Beyond meat to tripleBYND has touched its absolute support derived from two other previous lows and two previous highs, forming a symmetrical triangle.
I have this chart in GBP for reasons i'm not going to explain. But BYND has the potential to get to £140 within next 6-8months IMO. This would direct it right ot the 0.786 fib level.
$BYND What type of meat does Beyond have for us in 2022$BYND has been riding the previous sloping resistance. Looking for a move back towards the new sloping resistance. PT ~75 -> 80~ short term. then back down. A break out of the red sloping resistance could retest then breakout to the upside, a failed test would bring $BYND back down to the demand zone.
Beyond Meat's bull runAre you ready for the bull run of Beyond Meat? It will start very soon!
Long entry: 65 usd
Take profit: 6000 usd
This is my personal opinion and this is not a financial advice! Good trading!
Beyond Meat $BYND Setting Up For A BounceBeyond Meat BYND is holding nicely on the daily and weekly at key support. Risk/Reward to first profit target is good. I'm scaling in here with a relatively tight stop loss. This is the level to hold, and if it gets much lower, there isn't much price support south of this level.
Trading plan on BYND for 2022. This is what I want to see. The main level I'm interested in is the support at 50.00. If the price reaches that level, I will start thinking about bullish opportunities.
Let's assume that happens. The pattern I want to see is:
First: breakout of the current descending trendline
Second: a corrective movement with similar proportions to the red line you can see on the chart
IF all that happens, I will develop setups towards the next relevant level at 160.00. The horizontal yellow line you can see on the chart is a price level I will use to move my stop loss to break even because it may work as a reversal zone. This setup may become available between 30 to 60 days. In the meantime, it's important to have patience and avoid getting involved with low-quality scenarios.
Thanks for reading, and feel free to share your view on the comments ;)
$BYND - Resting on fib extensionStock is currently resting on fib extension .786 fib extension around $66. If the price fell through that support, we can see it heading towards $39 with little support around $50.
For now I will be watching from the side lines.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Diamond reversal patternClearly a diamond reversal pattern for beyond. Think a reversal is due in this general small / mid cap market.
We broke out the diamond a couple trading days ago and have formed a bullish flag pattern since as we have retraced back towards the diamond support level.
The Pattern suggests a price target of $81 within the next 8 trading days or couple of weeks.
Don't forget that there's a gap to fill at $91 dollars so I would say we're likely to use $81 as support before breakout to $91 and $150 next.
Wishing you all a great Christmas and a successful start to the new year trading.
See you on the moon
Beyond the moon?Every 11 months or so beyond meat hits a crucial level.
1) IPOed boomed the stock
2) Covid struck... just 11 months after IPO beyond meat crashed to level not seen since the IPO.
3) The pepsi deal - 11 months after covid struck, beyond meat sipped a tasty deal with pepsi creating a false breakout.
4) Now here we are 11 months after the pepsi deal. The small / mid caps are facing a massive sell off. Do these linear time-frames suggest the bottom is now?
5) In 11 months time, what will the next vertical level been - a high or a low? What ever it is, it'll be crucial.
As bynd faced between their first two vertical supports, a bullish declining wedge appeared - likewise with the current two vertical supports. Over coming the crucial downwards wedge resistance now will be essential for beyond meats success early 2022.
$85 is the support that needs to be broken, then there's a gap to fill at $95 before stumbling upon $150 resistance.
The RSI is yet to overcome its resistance since early June and a breakout of this would be a positive early sign for a breakout and upwards stock movement
The MACD has found support and likely the orange will face resistance at +3.
Have a great Christmas and hope we all have a great trading start to the start of 2022.
See you on the moon.
BYNDEXTRA-LONG-TERM: Bullish shark, bounce off support, classic bullish divergence developing, oversold RSI. (not financial advice)
BYND +50% soonI expect Beyond Meat to bounce off orange support. But there is still ≈ 20% before it. Additionally, cyclical analysis suggests a reversal from decline to rally in the second half of Jan'22.
I set the alarm when the thin turquoise line is broken, after which I will start purchasing by the pyramiding method.
Not a financial recommendation.
Take care.
Market Close RoutineMarket Close Routine - What I do after the market closes to get ready for the following day.
$BYND how low can it go?Looking for signs of life, but I'm not seeing any yet. Recent Downgrade, poor news on Taco Bell carne test. Positives? They have a lot of cash for now, so they can ride out weakness without an offering for awhile. I would stay away until some positive news.
