STOCK ANALYSIS FOR 
BYND
Buy Zone trending line upwards from $11-$15
Indicators used
* 195 MINUTE TIME INTERVAL (This is HALF THE SESSION TIME, VERY VALUABLE TO KNOW)
* ZIG ZAG (ABSOLUTELY SIMPLE BUT AMAZING INDICATOR TO INDICATE AND ESTABLISH TREND)
* DIRECTIONAL BIAS (VERY AMAZING INDICATOR)
During the falling knife phase, the directional bias indicator was clearly showing it was a NO BUY. You can see that the buyers starting to step in and
* the mid-November pump from 11.30 to 16 was a SIGN indicating that BYND selling pressure was being absorbed at these levels.
* Chart wise, there will be a clear bottom line that is being carved out, but its worth staying in.
* The macro SPY / Rates / Economy issue is affecting this stock, but I have confidence that despite lowered job numbers in the future in the incoming recession,
BEYOND will continue to be a consumer staple because of the quality and innovation in what they do and the partnerships.
* They are partnered with Taco Bell, Pepsi, McDonalds, Carls Jr
* They have an insanely good beef jerky product
BYNDBuy Zone trending line upwards from $11-$15
Indicators used
* 195 MINUTE TIME INTERVAL (This is HALF THE SESSION TIME, VERY VALUABLE TO KNOW)
* ZIG ZAG (ABSOLUTELY SIMPLE BUT AMAZING INDICATOR TO INDICATE AND ESTABLISH TREND)
* DIRECTIONAL BIAS (VERY AMAZING INDICATOR)
During the falling knife phase, the directional bias indicator was clearly showing it was a NO BUY. You can see that the buyers starting to step in and
* the mid-November pump from 11.30 to 16 was a SIGN indicating that BYND selling pressure was being absorbed at these levels.
* Chart wise, there will be a clear bottom line that is being carved out, but its worth staying in.
* The macro SPY / Rates / Economy issue is affecting this stock, but I have confidence that despite lowered job numbers in the future in the incoming recession,
BEYOND will continue to be a consumer staple because of the quality and innovation in what they do and the partnerships.
* They are partnered with Taco Bell, Pepsi, McDonalds, Carls Jr
* They have an insanely good beef jerky product
Trade active
As trader @neanderMoon has pointed out, Diamond pattern, in the bullish formation. Notice that we can't get a clean diamond, so we shouldn't expect a clean movement breakout. Trade closed manually
Failure on the breakout. Trade closed. Good luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.