BYND trade ideas
BYND - likely to continue lower into the trend line supportHow price acts there will decide next move.
BYND long termNot trading advice.
Idea on bynd long term. Looking bullish on daily if we get confirmation above 150
Many big deals signed
BYNDSetting up. Huge sma confluence above. I think the odds of a new ath if it can get above $167 are high.
Beyond Meat BYND FORECASTHere's my bullish forecast on one of my favorite companies Beyond Meat. Trying to buy and the bottom of a channel.
$BYND Beyond Meat Bullish indicators. 🐂🐂
Channel support has held in a volatile period.
The volume has reduced significantly , seller exhaustion.
Stochastic has double bottomed, very similar to Dec - Jan
before previous rally.
Bullish MarketWithin a bullish market Beyond Meat seems to be beyond this sentiment as they cannot keep today's gains.
BYNDMID-TERM: 4hr and Daily hidden bullish divergence, over a support in a downsloping channel. Also just expanded partnership with Walmart. (not financial advice)
RetracedThe end February decline has been retraced by almost 50% and the market may be seen as corrected.
ABCD \ Lightning pattern long, Gap fill w Daily Pinbar Hey guys $BYND filled its gap & completed its abcd pattern (ab's move length ='s cd's move length) w a nice pin bar on daily, 3 entries on pin bar are as follows
1 Break of pin bar head
2 50% retracement of pin bar
3 618% retracement of pin bar
Keeping an eye on thisBYND always trades very cleanly. We have a nice bullish channel on daily to watch here. Recently broke the 200sma on daily, so will be on watch to see if the gaps below can fill. This can also bounce here off support so will wait for confirmation. My guess is it cracks support and moves lower.
BYND retesting major trendlines. Easy buy in the 120s. BYND retesting major trendlines. Daily candle looks like a possible shooting star, if so we may get lucky and see another retest and possible dip into the 120s.
BYND Stock 08/03/21 Analysis 4H ChartNASDAQ:BYND (Beyond Meat: BYND)
- Trend Analysis -
📑Value: 0/20
📈Growth: 18/20
💰Profitability: 6/20
🚀Momentum: 14/20
💸Earnings: 6/20
🖇️Total Score: 44/100
May remain volatile until market convinced with revenue growthI am holding my long position,
don't think it will drop too much from here and not an optimal entry for short-sellers,
but also don't think it will go up significantly without the market seeing it proves a sustainable double digits sales growth YOY.
I think plant-based meat has the potential to take some market share in the real meat market and BYND is the leader given it has entered into the Chinese market and also opened up two facilities for more production in China, we all know what happened to TSLA share price after it embraced Chinese market.
I do believe more and more people (especially young people born after the 00s and 10s) will eventually accept plant-based meat as an alternative to real meat and BYND would be like Coke or Pepsi in the beverage business, leader, but how fast the adoption will take place remains unclear.
However, the current BYND market share (< 9 billion USD) suggests a very low market share (below 1% market share) from a long-term perspective and I think BYND can only improve its position in this market from now.
"The global beef market size was estimated at USD 323.92 billion in 2019 and is expected to reach USD 332.49 billion in 2020."
Imagine what would the market cap of BYND be if it took a 10% - 30% market share permanently, which means 30 billion - 90 billion sales per year? In FY2020, it had 0.4 billion sales.
30% market share may be too optimistic, but 10% market share isn't. Imagine 1/3 of the population who consume real beef will take one of three meals per day with plant-based meat in the future, which gives a roughly 1/10 market share. Let alone BYND will offer more than plant-based beef. You do the calculation.
BYND longBYND testing bottom of channel with a hammer close on the daily timeframe. If the broader market can hold up this will be a great setup.
💡$BYND 🐄Beyond Meat at key support level💰+40%🏌️♂️📚Full disclosure: I do not own shares in £BYND NASDAQ:BYND
Please see the chart for the idea.
Beyond Meat is sitting at some key support levels.
BYND - Bounce soon?BYND watching for a bounce from here.
Perfect touch of the weekly demand zone and hard bounce on 3/5, leaving a hammer candle to close Friday.
Also filled daily gap at same level.
Stoch oversold.
Also Held the important $135 level.
27 days down this reversal would be 'on time'
A Large long fib setup first traded in November 2020 with target at 232.74 and is still intact.
Formed weekly demand zone after double bottom and bounced.
BYND announced a partnership with Pepsi, massive gap up and then the sold it all the way
back down to the weekly supply zone, with earnings along the way.
Ideally looking for a gap up monday 3/8 to confirm
