BYND
Beyond meat struggling between two demand zonesThe stock prices ranges between demand zones and it will take a lot of volume to break through. With earnings coming up I'm bullish. However, If we get bad news I think it'll go down to 120 or less. However, for now we can hope fr earnings run up.
I'd say enter an option no closer than august 21st.
(I'm opened to corrections if you feel i'm wrong.)
BYND - Looking for a ScalpNot much into detail on this one. Check out our previous posts on BYND for more in depth analysis. Right now just looking for a nice swing trade setup on Beyond Meat. Possible buy zone would be in the green rectangle. Tight stop right under it.We'll come back to it once we buy in.
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Potential Head and Shoulders on Beyond MeatBeyond Meat, like much of the broader market, instead of falling from the rising wedge from the March lows, melted into a fairly well-structured head and shoulders pattern. We are flirting with the neckline now, so it will be good to continue to monitor this one.
Beyond meat is a sell hereThe broader market is ringing the bells for possible incoming weakness in a lot of names. BYND has been a very weak link among the newer popular medium cap stocks (~5 bill). I want to be short clean patterns in corrective markets.
I'm short the stock with an initial target of ~115
&
I'm long the following put options:
July 17 115 Strike ($.89)
July 24 & 31 100 Strike ($1.85)
FMCI Longterm $40+ I think this is one of the best mergers as of lately, comparable to BYND. BYND trades at $140+ and FMCI is currently at $16. After merger is done (sometime before september) we can see $30-60+. Great longterm hold.
$SPOT Option Play of Week | BullishSpoify ( NYSE:SPOT ) Technical Analysis & Option Coverage
Spotify brings real-time lyrics to 26 countries, not including the US
The Play:
- Short-term:
Estimated Time: 11 Days Max
SPOT $270 Call @ $235 per contract
or
SPOT $270 Call @ $610 (more time)
- Long-term:
Estimated Time: 3 weeks
SPOT $300 Call 7/24 @ $480 per contract
Let's keep this one short & sweet
DotcomJack
Do not trade this, this is not financial advice.
BYND - Rising Wedges EverywhereBeyond Meat, much like Amazon has also created a rising wedge pattern with bearish RSI and MACD divergences, meaning it is making subsequently higher highs with less and less strength. I expect this to fall significantly. Many of the so-called "meme" and other popular stocks have taken on this look.