1/26 WATCHLISTif there is any indication that we are definitely in the final leg of a bull market, today was it. Everything was pumping euphorically at open across the board until the market showed us what a mid-euphoric pullback could look like, with the rug being pulled right from under us. A lot of names like TSLA did bounce back after, but it reminds us that its SUPER IMPORTANT to stay cautious in this environment. I am still bullish in the short term.
1/26 WATCHLIST
My trading style is intraday option trading - these are not swing levels.
MRNA calls over 147.5
BYND calls over 164.15
BYND played out perfectly from the watchlist I posted yesterday. It has a bit more room to go to the next supply at 168.25 and then 171 - let's see if it can keep the momentum up tomorrow
AI calls over 151/152
massive move today. 152 was a support level in December that has turned into resistance that AI has been trying to beat for a month.
TSLA calls over 887 or 900
MSFT calls over 230.2 or 233
Would like to see more tight consolidation underneath these levels but something to keep an eye on for the near future.
BTBT calls over 19
BYND
Beyond Meat ready for another run?Taco Bell said in a prepared statement that it expects to test Beyond Meat menu items in the next year. Taco Bell is owned by Yum Brands (YUM).
The Taco Bell agreement is the latest marquee partnership for Beyond Meat. On Nov. 9, fast-food giant McDonald's (MCD) announced it would begin offering McPlant menu items. (Source: investors.com)
The indicators are looking bullish once again on most timeframes.
Please leave me a message if you want to test the buy and sell indicators that i am using.
WATCHLIST - WEEK OF 1/24-1/29**THIS IS PURELY OUR OPINION AND WE ARE NOT LIABLE FOR YOUR TRADING DECISIONS**
AAPL calls over 140
AAPL forming a cup and handle on the daily, with price now trying to breakthrough. We'll be looking at the 140 level closely and taking profit on the way up. Another way to play this is to wait for a retest of the 140 level. It would be a very bullish signal if price holds that level and continues upwards.
BYND calls over 145
BYND has been consolidating in this rectangle since November. It recently broke out downwards, but re-entered with strong conviction.
FUBO calls over 40
FUBO retraced considerably after its massive run up to 62.5. We have nice supply level forming that we'll be keeping an eye on, but would really like to see a bit more consolidation right under it.
TSLA calls over 850
Everyone is watching the TSLA 860 level. Depending on how the overnight session + premarket goes, we might have a good opportunity to get in a bit early. Otherwise, we'll be watching for a retest of 850 or the 860 level.
NIO calls over 62.25
Great R/R here on NIO. Would like to see a bit more consolidation under the entry but we'll be taking the trade if it's broken.
AMZN calls over 3355
AMZN may be ready for another leg up if it breaks through this pennant!
BYND Long Swing Trading PotentialPotential upside NASDAQ:BYND
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
BYND breaking out of wedgeBYND is breaking out of bulling falling wedge very impulsively.
Highest volume since November, 20202
Divergent low on indicators
Low level bullish crossover on PPO
Oversold reading on RSI
Successfully bouncing on the bottom of the descending channel (yellow line)
Above presented pretty objective long entry with stop right below the bottom of the channel.
Where does it go from here....?
Higher.
It is testing the resistance from the bottom. It may blast though it or pull back to the resistance and push up higher. If it does pull back to the support or breaking out of the resistance will present another objective places to add on to the position. Next few targets are posted. It may depend of where the market goes in general but the swing target is the top of the channel (purple line). It will depend on how it get there but if it gets there pretty quick, taking a profit or reversing to short would be a good option depending on the trading style and expectation.
Have a good trade!
T.
BYND the Impossible. Sept $150CTL;DR -
BYND Sept 17 150C
BYND Sept 17 180C
BYND Sept 17 240C
If you look through my history you'll see that I've generally been a perma-bull on BYND. It's a great company and has pretty stellar product. They're not as "meaty" as Impossible, but they're meaty AND not greasy but really filling - think of it as a different burger category altogether - like the Yin to the Impossible Yang. Together, they bolster the entire plant-based protein market.
Thesis here is that BYND has hit a number of support levels. Of course it could break below, but I feel more confident that BYND has already seen its short-term and mid-term drops. - See the RSI? On the 1 Year (above chart) it's oversold. However, if you drill into the 6 month and 3 month though, it's overbought (which scares me).
As an industry, plant-based proteins are booming with vegetarians, flexitarians and traditional meat eaters alike. Plant-based meat category today is reminiscent of the plant-based milk category when it was in its early stages of rapid growth.Financially, this company is VERY well funded and stable. What matters in the plant-based world is of course a solid product, but now more than ever is ability to scale production and scale distribution. BYND has the capital to make this happen.
5.66 Quick Ratio - Hot Diggity
- www.gfi.org
- www.gfi.org
- thespoon.tech
Here's something else - year over year, even despite the pandemic and restaurants shutting down, Q3 2020 still showed growth compared to Q3 2019. Should expect to see the same for Q4 20.
The hearts mark exit points.
Its almost time to flip the burgerOn days when the market and my overall portfolio is doing well I cant help but concentrate on the losers. I guess that's the trader in me upset that everything isn't working. My mid range play has been beyond bad. Because the position is small and the stock is volatile I have a wide stop at the lows back in November at $113. As we approach the low end of the range (rectangle) its make or break time. I am hoping that we can get a bounce and then a further move to the upside above the trendline so the position can regain some losses. If we see any breakdown below $113 then it will be time to cut the position and wait until for another opportunity in the future.
BYND got grounded today, but it creates buying opportunity!BYND got slammed by more than 7% at the start of the week before the new year. But this may give us some space for fresh air and possible buying opportunity. The overall sentiment of markets is positive since President Donald Trump signed the coronavirus relief and government funding bill. The vaccine is rolling out and hopefully, this crisis will soon come to end. Also, markets were down a bit last week and it´s time to even out the losses!
I can see a potential Head´n´Shoulders pattern forming just before creating a second shoulder. My view is that after today´s drop the buy around the price of $123 – $126 is reasonable. I personally believe that bulls will put up a fight. Just in case, place Stop Loss just below the minor psychological level of $109. If the price will go north, I expect to withdraw from my position at a price of around $160 – $165. This could happen before March 2021.
After reaching $160 my future position will depend on market and company earnings in March.
Thank you for reading, and I wish you a happy new year
BYND BuyBYND Buy,
- 30 min time frame
- Support and resistance being well respected (range)
- Support 135, Resistance 145
- Expecting the price to bounce off 135
- Rsi respecting 33.00 4 times with the support at 135
- Waiting for confirmation (Break of 137.50)
- Stoploss 134.50
- Take profit 144.70