BYND
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
+$760 on the day with 1 win and 1 loss on $BYNDHi Guys,
Sorry for crappy audio. I finished the video and resized my screen and lost the video so I screen cast the youtube version.
Enjoy,
Enda
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.
NO TRADES TODAY!Hi Guys,
No trades today but look at what TrendSpotter picked up!
See ya Monday,
Enda
BYND Meat Earnings Date ApproachingWe have a wedge pattern forming on the BYND 4hr chart as we get closer and closer to the earnings date on the 27th after the market closes. Price could really break out either way.
Last quarter it earnings surpassed Wall Street's estimates by posting a profit of $0.06 per share on revenue of $92 million vs the expected $0.03 on revenue of $82.2 million.
Stay tuned.
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+$1100 on $BYND in 1 minHi Guys,
I quick move in $BYND today. Up $1100 and done for today.
Enjoy,
Enda
+$1050 trading $BYNDHi Guys,
Sick again but not too sick to trade the market. Up $1050 in 1 min.
Enjoy,
Enda
$BYND Short Brings Home the BaconBYND has finally imploded again after earnings. We called this as a short candidate at $122 on 1/22/20. Now, traders should be up over 30 pts and it's time to start banking the gains. Support remains still far below in the $75 area.
See prior call:
BEYOND MEAT INC (BYND) DailyDates in the future with the highest probability for price direction reversals
BYND- Bullish continuation or distribution?Whether you like it or not, BYND is the first mover in the alternative meat industry.
There is just way too much upside and growth to be captured in this nascent industry.
Future trend toward green environment and sustainability will only push this industry higher.
Three scenarios-
#1. Test the local resistance one more time and break out of the bull flag pattern. Third time is the charm!
#2. Retrace first, then trapped shorts cover their shorts which propel the price higher. Swing long opportunity.
#3. Key support lvl broken. Long at the second key support lvl. Positional long opportunity.
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+$1060 on 1 trade in $BYNDHi guys,
I took the first trade that presented itself to me today and that was $BYND. Looking back they all made the moves buy I'm inpatient.
Hope you're all making money,
Enda
+$695 on 1 trade in $NFLXHi Guys,
I missed 2 wicked trades in $ROKU & $BYND but I still for paid.
Enjoy,
Enda
Beyond Meat Strangle Play ($BYND)Nice channel, chilling at the middle of it with a spot below around 70 on the trendline and above around 78. Decent Strangle opportunity here if you buy within $2 OTM (Out of the money) on either side, same cost. $BYND
+$772.50 on $NVDA with 1 tradeHi Guys,
Nothing really jumped out at me today until $NVDA just presented itself to me. Up $772.50 so I'll take it.
Enjoy,
Enda
