BYND
$BYND Is A Great Momentum Play$BYND is another $TSLA story. You have the bulls and bears battling over the fundamentals, whereas we see a stock that's just a great traders. $BYND like $TSLA has momentum and you can play both sides - long and short. While we called the Short 2 weeks ago, the stock has made a comeback and is bumping up against our trend line again. We think this time it will break through, especially with 23% of the float short. Keep a watch and trade accordingly.
As always, trade with caution and use protective stops.
Good luck to all!
bynd fomo before ERwe are in a bullish wedge targets 120 127 140
with the incoming earnigs expected gains are very good do all the contracts with few partners that been made
amazing trade playing straddle at this point puts and calls waiting er and locking gains in the way up or down good luck great stock for the volatily
temporaly down trend was broken yesterday all depend if cross 120 this monday crossing under 110 will put bynd back to the down trend
good luck
if you guys like my ideas plase like and feel free to fallow me i post ideas everyweek
BYND - Beyond Meat UpdateChecking on to see how BYND Meat is shaping up since the last breakout early January.
BYND has taken a breather after hitting a double top at the $135 levels. The bulls are waiting to see if they find support at around the 50MA on the 4hr chart. Note: We almost have a golden cross on the 4hr chart and we have earnings coming up this month. We'll be keeping a close watch for support and a possible upside play.
Shoot us a like and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
$BYND Slides, as ExpectedBYND is a stock we called as a short on 01/22 at $122. Shares have fallen about 7% since then.
We still trust this setup. But traders may want to bank at least some of these gains given the continued high short interest sitting in the stock. You can bet that's even higher after QSR dumped the faux meat from its menu.
$BYND Heading LowerThe rally in $BYND shares looks to be over on the news Tim Hortons is halting sales of its products in Canada. Here's the news from Bloomberg:
(Bloomberg) -- Tim Hortons restaurants have stopped selling Beyond Meat products at its coffee and donut shops across two of Canada’s biggest provinces.
The chain had been serving the Beyond Burger and a Beyond Meat breakfast sandwich made with the company’s imitation sausage products. After an initial launch starting in June at nearly 4,000 Canadian locations, the items were scaled back to the provinces of Ontario and British Columbia in September.
“We introduced Beyond Meat as a limited time offer. We are always listening to our guests and testing new products that align to our core menu offerings. We may offer Beyond Meat again in the future,” Tim Hortons said in an e-mailed statement.
The rollback marks a rare setback for the plant-based meat maker, which currently has partnerships with Carl’s Jr., Hardee’s and Dunkin’ Donuts in the U.S., and recently announced an expansion of its partnership with Subway in Canada to begin serving meatball subs nationwide.
A Beyond Meat spokesperson confirmed this was a limited time offer and the companies may work together in the future. Restaurant Brands International Inc., the parent company of Tim Hortons, didn’t respond.
Beyond Meat tumbled almost 4% in New York trading Tuesday after the stock was downgraded to neutral by JPMorgan. The shares extended declines after the close of regular trading on the Tim Hortons report. The stock has soared more than fourfold since it went public last year.
The demand just wasn't there. This is bad news. There's no way to spin this.
We've called the short in $BYND in our last article. We are calling the short again.
As always, trade with caution and use protective stops.
Good luck to all!
BYND Consolidation in an UptrendBYND consolidation in this uptrend forming a symmetrical triangle on the 4 hr chart with easing volume. Hoping to see a breakout of this structure followed by an increase in volume towards the end of the week/beginning of next. If so, I can see the price reaching the $140-$160 range in a hurry.