aliakhtar

aliakhtar

BYND has tested 0.618 level and found support around there then tried hitting 0.786 level and found resistance there. now it tested 20 dma which is very important line. I see selling has exhausted at this level and volume has dropped substantially. we should see an attempt for recover at this point and perhaps retry 0.786 level in near future.

aliakhtar Updated 

on 2hr chart you see last time it tested bottom of bollinger bands over the course of 5 days....then it took 8 days to recover. this time around it took 6 days to fall to lower band. now it will consolidate and come back and my estimate is that it would be there by 2 july. ofcourse this is news machine....which can alter everything.

aliakhtar

we had been flirting with 20 dma on bollinger band on friday....this happened in the past and lasted 5 days...this time this wave completed earlier. I think we will see green monday.