BYND - Bounce soon?
Updated
BYND watching for a bounce from here.
Perfect touch of the weekly demand zone and hard bounce on 3/5, leaving a hammer candle to close Friday.
Also filled daily gap at same level.
Stoch oversold.
Also Held the important $135 level.
27 days down this reversal would be 'on time'
A Large long fib setup first traded in November 2020 with target at 232.74 and is still intact.
Formed weekly demand zone after double bottom and bounced.
BYND announced a partnership with Pepsi, massive gap up and then the sold it all the way
back down to the weekly supply zone, with earnings along the way.
Ideally looking for a gap up monday 3/8 to confirm
Perfect touch of the weekly demand zone and hard bounce on 3/5, leaving a hammer candle to close Friday.
Also filled daily gap at same level.
Stoch oversold.
Also Held the important $135 level.
27 days down this reversal would be 'on time'
A Large long fib setup first traded in November 2020 with target at 232.74 and is still intact.
Formed weekly demand zone after double bottom and bounced.
BYND announced a partnership with Pepsi, massive gap up and then the sold it all the way
back down to the weekly supply zone, with earnings along the way.
Ideally looking for a gap up monday 3/8 to confirm
Note
Hourly Chart. Nice perfect bounce off the weekly demand zone and daily gap fill.Stoch, RSI bullish divergences.
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