BYND trade ideas
Beyond meat look at the last time it hit this support level.
Explosive - reconing 140-150 within next few weeks
+ RSI way too low
Beyond last chance until mega runFirst we need a strong weekly candle that has broken out of the downwards wedge ( bullish ).
- Then we have a few price targets
- 150 - this is in line with the gradient, but going to the first dotted diagnol resistance ( this is also the last runs high ) ( predict this by late novemebr at the earliest )
- 200
- 220
- 320
All these price targets are to do with fib levels and resistance from all highs.
If we go below 87 then the trade has failed.
Lowering the StakesI've listed most of my Technical analysis points on chart. Fundamentally the company has plenty of cash on hand to handle debt obligations for 12 months onwards, but the astronomical Valuation metrics (i.e. Price to Sales, Price to Book) when compared to traditional competitors such as Tyson Foods and Sanderson Farms indicate a high price premium. In addition the COO just resigned without a definitive reason which never bodes well for a company.
www.marketwatch.com
Beyond Meat Analysis 20.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Potential bear flag with a Diomond Top(H&S)Forming a potential bear flag since today was rejected upwards. Today did form a diamond top/H&S which adds to the short side. Got to see what happens tomorrow.
BYND 195min setupThere is a wolfe wave setup on the 195 min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 116 which is expected to reach this price target within approx 39 hours (195 min x 12).
Beyond MeatBYND in downward channel and under support level on mid-channel.
Performing under theMA 20 and 50, and weak RSI.
Depending on when it will break channel target might get close to $180.
BYND Snapback/BounceBYND is overextended on the bollinger bands and the stochastics are oversold and showing bullish divergence. Price has continued down has stochastics have leveled off. Looking for a snapback off of the 100 support level. This 100 support is also a psychological level for the stock and will act as support.
Beyond meat longThe fib sequence ive drawn shows us the potential PT - most probable one is the grey one at 160. But the double bottom could take us to 220 for a breakout of the equilateral triangle.
$beyond meat is interesting here so, here's the thing is the company worth investing in at these prices I'm not seeing much beyond meat advertising anywhere and pretty much myself staying away from shit food whom they are building the contracts with such as pizza hut and Burger King might make more sense to invest into pizza hut or so and let beyond meat go beyond over sold back down to $48 and yes i said it $48. once people realize how much this stock is over sold unless there's some hidden tech company behind this with a new plant being grown especially for beyond meat i highly doubt, we'll see that earnings run up we like to see. none the less im bullish on dumb Americans buying every dip and continuing to inflate the market.
strategy for BYND Wednesday 09/22/2021(BYND buy price 116.00)
(BYND sell price 111.00)
strategy: bynd presents two important patterns # 1 reversal formation. # 2 inside bar on daily chart. We will only take entry when there is a break of the double top 115.00 and it touches the buy price, we expect retracement and our confirmation signal. we will take profits in the area of mv 50 daily chart.
our bearish entry: it must be below the sell price and closing price. if so, we must wait for the retest in case of making a gap at the opening. the retest must be done in mv 9 or 10 period in the graph 5mn for better work
$BYND - Forming Double Bottom - Target $150 - $200+Beyond Meat trying to form Double Bottom Pattern with a Target Price of $150-$200+
We may expect huge announcement soon enough!
BYND BYND BYNDBYND coming to the end of it's squeeze, touched/bounced off it's weekly support, oversold on the daily. This could be it's bottom. Entry trigger for me could be yesterday's high. Market still looks ugly though, be cautious.
fundamental-analysis (BYND) Beyond Meat (BYND)
Limit buy - 110$
Target - 131,7$
Risk/Reward Ratio - 3,2
Stop-loss - 103,3$
Beyond Meat - Swing TradeNASDAQ:BYND
Put down that cow meat and go plant-based for a swing trade.
We see a quadruple bottom with bullish divergence forming on the MACD.
Targets of 137 and 152
Stop Loss at 95-95.5
BYND possible fall below 100After rise from 100 to 170 price is falling. As of 16.09 price broke out of a channel and is testing its previous prices, which also is 0.783 fib level. If it manages to break, fall to next fib level is possible.
