BYND - levels to watch 1/10/22$BYND
Support 62.94
Resistance 70.57
Consider Calls above 72.75
Consider Puts below 62.94
The 107k 70p sell on 1/07 caught my eye. Most other large purchases on 1/07 were leaps - the other big purchases that are DTM puts seem to be the closing of some OI - will confirm today
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BYND
BYNDLooks to me like BYND is forming some sort of pennant today.
I think it moves big on Monday, could be worth playing a spread or maybe a protected long position. The top is probably in for the day so you might as well wait until right before close to make a decision.
I'm leaning bullish based on daily chart patterns but it looks like a lot of people who bought the past month are selling at $71 and bailing. That was the resistance for the past month. i still think it's a garbage stock though, a mashed pea recipe is not worth $4.5B.
To Infinity and Beyond (Meat)?Beyond Meat - Short Term - We look to Buy at 60.97 (stop at 55.50)
Previous support located at 60.00. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move higher. This provides an excellent risk/reward opportunity to fade the current bearish move.
Our profit targets will be 85.29 and 94.12
Resistance: 90.00 / 100.00 / 115.00
Support: 60.00 / 50.00 / 45.00
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$BYND What type of meat does Beyond have for us in 2022$BYND has been riding the previous sloping resistance. Looking for a move back towards the new sloping resistance. PT ~75 -> 80~ short term. then back down. A break out of the red sloping resistance could retest then breakout to the upside, a failed test would bring $BYND back down to the demand zone.
Trading plan on BYND for 2022. This is what I want to see. The main level I'm interested in is the support at 50.00. If the price reaches that level, I will start thinking about bullish opportunities.
Let's assume that happens. The pattern I want to see is:
First: breakout of the current descending trendline
Second: a corrective movement with similar proportions to the red line you can see on the chart
IF all that happens, I will develop setups towards the next relevant level at 160.00. The horizontal yellow line you can see on the chart is a price level I will use to move my stop loss to break even because it may work as a reversal zone. This setup may become available between 30 to 60 days. In the meantime, it's important to have patience and avoid getting involved with low-quality scenarios.
Thanks for reading, and feel free to share your view on the comments ;)
BYND +50% soonI expect Beyond Meat to bounce off orange support. But there is still ≈ 20% before it. Additionally, cyclical analysis suggests a reversal from decline to rally in the second half of Jan'22.
I set the alarm when the thin turquoise line is broken, after which I will start purchasing by the pyramiding method.
Not a financial recommendation.
Take care.
Beyond Meat Investment Price TargetBuy Order set between the 1.786 macro fib and the 3.618 micro fib.
Oversold so why not + Bullish Trendline Div
Fundamentals aren't that good - Losing money (source: Balance Sheet). The company's product is in many supermarkets. Betting on this being the leader of alternative meats.
Beyond Meat Analysis 13.11.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
Beyond Meat is going beyond to draw lower lows. BYNDHere, down we go.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Trading plan on BYND | A key name in the Plant-based industryToday we will talk about Beyond meat!
There is a curious thing about this chart , and that's the dynamic support it has been working on since Jun 2020. We have been observing several contacts since that date, and it tends to respect it pretty well.
Alright, nice line, but what then? Okay, the idea here is either the price has already made contact with it or is close to making it. AND it may be a relevant situation to start thinking about bullish setups.
As you may know, the way we trade is about looking for similar situations to the current one and creating a model on WHAT we want to see before risking one single dollar. Here are our conclusions:
-The price is making contact with a relevant dynamic support level
-The price is inside a descending structure
-IF we have a clear breakout of this structure, we want to observe a corrective pattern with similar proportions as the ABC draft we made on the chart. This is a similar sequence that has been happening since 2020
Do you want to know whats the best thing about trading this way? If the price does not make the filter we are expecting; I don't give a..... because I don't trade it, and I will be paying attention to other charts that have moved accordingly to the expected filters.
Under this method, the only guarantee you have is that when the price makes what you are expecting, you know you are in front of a high-quality situation. The bad thing about this method is that a lot of ideas will not happen as expected; that's why patience is extremely important. But if you learn how to become patient is an excellent way of trading, and a massive edge against investors that lack patience.
Thanks for reading! Feel free to share your view and ideas about the post of the chart in the comments box.
Beyond Meat Analysis 20.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
BYND 195min setupThere is a wolfe wave setup on the 195 min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 116 which is expected to reach this price target within approx 39 hours (195 min x 12).
Beyond Meat Analysis 03.09.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!
Full Analysis on BYND with relevant levels for swing tradersToday we will take a look at Beyond Meat Inc.
The main things we can see on the chart are:
a) Clear support level working since May 2020
b) Corrective Pattern being supported on the mentioned level.
c) Every time in the past the price was there had a strong bounce towards the ascending white trendline, which we can consider a dynamic resistance level
d) In this case, we think our view is activated if the price reaches the green horizontal line. If that happens, we will define our invalidation level where you can see the red horizontal line
e) Let's talk about targets. Our final target, as you can see, is the previous ATH. However, we have some levels in the middle that we should consider. The Minor Resistance Level 1 will work as the first place where we will move our stop loss to Break-Even. After that, we won't do anything until the price reaches our desired target or hits our entry-level again.
f) What happens If the price never reaches the entry-level? - We will cancel our view if the price reaches the invalidation level; otherwise, we will keep waiting until one of those two levels is reached.
g) Risk: We will be using 1% risk of our capital on the stop loss.
Thanks for reading, guys! Remember: PROTECT your hard earn capital.