BYND
Beyond Meat Descending TriangleI originally bought BYND @ $112 a few weeks ago. Since then, it peaked @ $160 amid news of recent hire Phil Hardin to CFO. Hardin was considered a "veteran" at Amazon where he previously worked as a VP of Finance. I'm waiting to confirm this pattern. If it hits $150 before the end of October, I will sell. I will then buy back in where the triangle forms around $117.
Beyond FoMo... Speculation.Beyond Meat is breaking out of a Bull Flag and is at the bullish 50 & 200 day ema crossover point. If the price can break through and stay above the strong 170 resistance area for a couple weeks this could confirm a bullish long term trend. Although there needs to be a considerable increase in volume to make this happen.
Watch out for a "Fakeout" above resistance which could have high volatility like on Jan 26th
A covered straddle option strategy is useful in a scenario like this when the price could move up or down quickly.
The RSI is looking weak, the price could move down after getting rejected at a resistance point and remain in the pennant shape for many more months until it makes its major move out.
Make sure to be aware of the overall market conditions while trading and avoid over leveraging in risky setups.
potential short squeeze target BYND30-day put-call of .7 has fallen to .4 for the 1-day put-call which is a bullish indicator. If retail traders get behind this name forcing those who are short to cover, they could push this back towards its high of over $200 a share.
Short & Put-Call info provided by Schwab.com
BYND- TESTING YEARLY SUPPORTHI THERE,
HAVENT POSTED MUCH AS I HAVENT BEEN TRADING ALL THAT MUCH RECENTLY. BEEN FOCUSING ON BUILDING UP MY LONG-TERM PORTFOILO WHILE LETTING THESE CURRENT LOSER SWINGS PLAY THEMSELVES OUT. (APRE & CETX)
THIS HOWEVER IS IMPOSSIBLE TO SAY NO TOO. BYND IS TESTING YEARLY SUPPORT WITH THE SHARE PRICE BREIFLY BREAKING THIS LONG-TERM SUPPORT AND HAS NOW BROKE THROUGH THAT SUPPORT, ACTING AS NEW RESISTANCE.
THERE IS STILL SOME CHANCE THIS FAILS AT CURRENT LEVELS, AND COMES BACK TO $100 AND TESTS SUPPORT, BUT I FIND THAT SEVERLY UNLIKELY.
ESPICALLY WITH THE OATLY IPO LAST WEEK, AND RUMORS ON IMPOSSIBLE FOODS SPAC, AND MORE IMPORTANTLY THE CURRENT VALUATIONS OF IMPOSSIBLE AND OATLY COMPARED TO BYND, SCREAMS THAT BYND IS CONSIDERED UNDERVALUED.
IM SO CONFIDENT ON THIS THAT I WILL BE SELLING OFF SOME LMND SHARES I RECENTLY BOUGHT ON THE EARNINGS OVERREACTION TO COVER THE COSTS OF THIS TRADE (I LOVE LMND BY THE WAY!)
GOODLUCK TRADERS! THIS ONE SHOULD BE A NICE AND EASY LONG TERM SWING!
BEYOND MEAT END GAMEDuring the next 2 months, the stock market will undergo a correction due to inflation fears. Beyond is a great company, however, this drive will cause the stock price to drop to the maximum possible retracement, .146 sitting at around ~$73/74. This is confluent to the bottom of the triangle.
The worst-case scenario is that we enter a bear market for some reason greater than inflation fears. If that happens then BYND will go to ~$33/34. Technicals Support this PT because the length of the head and shoulders along with the length of the rising wedge give the same number when we position the est trendline. BYND balance sheet isn't the best since they are consistently losing money.
The best-case scenario is we bounce from my target and retest the top of the triangle.
When the day comes where we break that triangle, I can see $1000 in a couple of years and $4000 by 2050.
$BYND Breakout Soon?$BYND is a beautiful pattered which could result into a breakout. In the chart I have the top and bottom of the trend lines marked at their prices. Currently I am looking @ 4/9 150 lottos and if we see an ABCDE correction breakout I will go with further expirations. This seems like a low risk high reward Yolo play to me. Comment your thoughts.
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MeaTech is developing a novel, proprietary three-dimensional bioprinter to deposit layers of differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat, often called "clean meat" or "cultured meat."
MeaTech Announces Pricing of $25.0 Million U.S. Initial Public Offering of American Depositary Shares and Approval to List on Nasdaq Capital Market. (prnewswire.com)
MITC MEATECH 3D Market cap 128.347M vs Beyond Meat Market Cap 8.767B
I see a 10X play here!
Not trading advice.
BYND BEYOND MEAT INCHI guys! We are trading BYND in a bull channel where we reached the bottom, with a nice 2 bottom formation( bull sign). Histogram on MACD looking good. Volume is drying (bull sign). SMI on weekly time frame entering the green zone. I think it`s a great opportunity to buy the stock for a period of 2-3 months. Also, BYND have strong new collaborations that can influence the price action sooner or later in a bull run.