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BYND

Beyond Meat: Lower buy opportunity exists.BYND topped yesterday following an impressive comeback from the November - December lows, which gave a strong bullish signal as the RSI was on a Bullish Divergence. This turned 1D extremely overbought (RSI = 85.585) and it was only natural to see investors booking profits first chance they got, and that was near the 137.00 Symmetrical Resistance. With the rest of the technical indicators pointing towards a healthy uptrend (MACD = 6.860, ADX = 32.540, Highs/Lows = 29.3471) the trend seems sustainable. Investors however should first see a clear new low (higher low) before re-entering. By our projections this will most likely be 97.50 - 91.00 Symmetrical Support Zone. 108.00 is also a candidate (but a weaker one) so tight SL is needed there. Medium term TP Zone: 160.00 - 172.00. ~~~ Our last Buy Call on Beyond Meat: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:BYNDLong
by InvestingScope
BYND - McDonald'sa Deal Back on the TableWhat's up guys, checking back in with BYND since out last analysis about 4 weeks ago. BYND & Impossible Foods have both been trying to win over McDonalds for a while now. What just sparked the stock breakout out of the wedge, was that Impossible Foods CEO Pat Brown told Reuters that the company is working to more than double production at the moment instead of trying to win a deal the size of McDonald’s as it can’t currently produce enough of the product to partner with giant restaurant chain. This is great news for BYND as they responded “We would have to work with them (McDonald’s) on timing but, yes, we would be able to meet their demand globally. McDonalds is now extending it's Beyond Meat burger testing. They are currently selling their plant-based patties to Dunkin' Donuts, Del Taco, Carl's Jr. and Denny's to name a few. If we continue bullish, the next targets we are looking at at the $96, followed by the $109 range. Could see a little pull back as the RSI is heading into overbought regions. Shoot us a like and follow and we'll be back with some 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.
NASDAQ:BYNDLong
by MannyLo
4
BYND momo back?UP 12% yesterday, on Burger king testing news and Impossible foods not trying for the MCD bid. does it have room for another leg? Theres a gap tp 96 once it clears and holds 91 everyone will be looking it... so obviously 91 is key here CNBC just said its worth $130 with a mcdonalds partnership.... If it fades out of the gates will be looking for longs around 85 and 80 (50 DMA) A fade and hold to 85 would be great... if it holds:) Remember anything can happen!!!
NASDAQ:BYNDLong
by TheScalpman
2
BYND – Fake Meat BreakoutTrade Entry 1/24 – Put Credit Spread. 77/81 strikes for $2.05. This is almost even trade (risk $195 / reward $205). Stop at $77. Exit at 50% profit or gap fills in chart. I was able to get filled at $2.05. Chart Details Bullish flat bottom wedge pattern. Gaps to fill up to $190. Price is above 10WeekMA and is waiting for Bullish EMA cross to confirm. Bullish price breakout of bullish pattern towards gap fills looks good. Daily trend just turned bullish. Should sustain for at least next few days. Over one week or more time we collect theta for the spread (time wasting works for us with credit spread). About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
NASDAQ:BYNDLong
by MoneyPatterns
8