Short Opportunity at Upper rayBouncing up against upper ray. Good risk to reward with a tight stop at upper pivot. Overbought on 4H and moving up on decreased strength.
BYND trade ideas
Whats next for BYND!Bullish Case:
1. ATL is floored in March followed by a Bullish rally in April as happened previously in 2020.
2. Price is on a major support.
3. Bearish Trend Line is broken with a green candle.
4. ABCD pattern completed and price has retraced with bullish candles.
5. Formation of Bullish Rectangle
6. Bullish Divergence
7. Fib retracement from ATL to 0.236 level.
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Plan A - Bullish Case
Entry - Bullish Candle Breakout on 100MA
SL - 100MA will act as Support. Stop loss little below 100MA
TP 1 - 71
TP 2 - 99
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Bearish Case:
1. 100MA as strong resistance
2. Price in sideways action.
3. Formation of Bearish hanging man.
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Plan B - Bearish Case
Entry - 44 (Major support is broken)
SL - 46
TP - 36
$BYND Daily Set upSetting up to make a move. Either way up or down, we know what to do and where the target will be. breakout of either side we take a parallel line and place at the furthest tip of red or green (to the side of the breakout/down) and will be the first target.
BYNDLONG-TERM: Tweezer Bottom to spring and backtest above a historical support with classic bullish divergence and a downsloping channel breakout. (not financial advice)
$bynd reverse head and shouldersAfter a big drop, $bynd has consolidated and looks ready for higher prices
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
