BYND trade ideas
$BYND await break above $66.50
Stock has suffered terribly in the past 2 months
$66.50 key resistance level to cross.
Trade with care as market can turn on a dime.
You might get the opportunity to buy BYND @ $30 BYND next trending and Fibonacci 161% ratio support around @30 level !
Potential indicationAnalysis speculating on whether we find support on the green line and come in in the next few days for a long or we experience a false breakout following the red trend and find a new in in a week or s.
BYND Round DownBYND ran up into its moving average on the market bounce and is now having to down days, signaling a rounding downward pattern back to the lows around the $50 range.
BYND to Long, in Uptrend, entry at Demand zone.Condition:
1.IPO demand zone confirmed.
2.Downtrend line was broken by break away Gap.
3.in Uptrend, pullback to a fresh demand zone.
Entry below 69
Stop: 63
Target1: 89; risk/reward=1:3
Target2: 100; risk/reward=1:5
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
In my real trade, I use options. I bought JuL C95/110 Call, limit 2.35;
Risk:reward=1:6. No need to set stop.
Sum of my ideas:
2 active, 13 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
Below the MAWe cannot manage to rise above the MA. As long this cannot happen I prefer the downside.
WOW, +$5100 on $ROKU todayHi Guys,
Been hard at work on a new indicator so no videos last week but my developer was busy so I had a good crack at the market today and nailed it.
Enjoy,
Enda
Don't catch a falling knifeBYND is going to be severely affected by the coronavirus. Sales are going to be down, and it has already fallen by 50%. The target is $25, an all-time low.
If you find my ideas helpful, please give me a like and a follow. Thanks!
BYND Snapback bounceBYND has fallen down to near its lowest level around $44-48. This will create a bounce on top of BYND being overextended, to the $62-71 level. I was able to enter at $53. This can be a 1-2 day hold by the time the target is reached in this market.
BYND UpdateBYND finally made it back to the original post IPO opening price as I predicted it would 6 months ago.
The actual IPO price was $25, so it has more room to go down. I keep saying this about every company, so you know I'm still bearish. We're still looking at $3B for a mashed pea recipe.
Still bearish long term, but at least the bubble has popped.
BYND Head and Shoulders Long term Short position.
From May 2019- $60.00
July 2019 $240.00....
There will be a correction.
We have a obvious head and shoulders pattern that has unfolded for BYND.
For target price.= height of head to neckline x 2.
BYND: No Bid.Beyond Meat had quite the run-up following their Nasdaq debut, but today we see them trading below their IPO price for the first time.
Despite their success in getting to public markets quickly, there are questions as to their overall liquidity. Free cash flow took a big hit in Q4, and similarly so after Q1 earnings in late February.
For some context: Impossible Foods is seeking short-term credit facilities in a similar position.
www.reuters.com
BYND: Following a spectacular rally from IPO, BYND went througha very deep wave 2 retracement. Appears that it has also printed another 1-2 and should be on the crest of a 3 of 3 movement.
BYND Round DownBYND is going to complete its rounding down formation until it meets support around the $75-76 area. The momentum of the overall market will carry it to these levels.
BYND heading lowerBYND now in a choppy zone, if we can get below $84 then this could shoot down to 73 quick before making another bounce, careful on this as IV is high and these options move fast.
BYND Round DownBYND is going to continue its downward trend now that its filled its gap. This is a sign of a reversal as well as the forming of a rounding down formation. This will play until support is reached at $85.
