BYND to $150BYND has been in a range since november 20th. over $145,70 and i'll be looking to take this up to $150 to fill gap and possibly to $152.
BYND
BYND - Bollinger bands squeezing on dailyBYND - Looking for a pop out of bollinger band squeeze to the .5 Fib extension ($157). Support at $120 , Entered on friday at 144. Stop loss 138 . Short interest is at 23%. GL!
$BYND Accending Triangle, Strong Resistance @142 and @144Daily and 4H chart confirm these strong resistance levels, Ascending triangle forming over a month. MACD on daily pointing upwards and possibly break trend. A great long term hold, look for a 2%-5% break @ 141 for direction.
BYND Possible 100% ReturnIf BYND can break the resistance trend line theirs a potential trade with 100% with a very good risk reward ratio.
BYND, Elliot Wave. Looks like we may be heading into a wave 3, which would be consistent with the general idea sentiment floating about. May dip further in the near future, but assuming we're in the 2nd wave, typically we won't see wave 2 dip below $134, break out to the up side could land us near $180.I guess we'll find out! Welcome all constructive criticism, let me know what you think, if you disagree!
TRADE IDEA, $BYNDBYND Looking for a breakout to the upside on this, entering tomorrow. Just wanted to share one of my ideas. Thanks
BYND has the potential of adding 20-25% to the current priceBYND had reversed from the 200-day moving average below and forming a "cup-and-handle" pattern - a strong bullish signal. Considering the renassiance of other IPO stocks and rebound of small caps, we may see it breaking up and reaching the 180 area.
BYND go long..it's about to break..It is breaking out from the triangle made recently, see the breakout in either direction.
BYND food stock for food hangoverHope everyone had a great Thanksgiving if you're in the US! What better way to recover from a food coma than to analyze a food stock?
I'm comfortable with traders being bullish on NASDAQ:BYND to retest the 2020 high so long as it holds the post-earnings low. There is clear price action to structure a trade where your risk and target needs to be. So loosen up that belt and relax if you're long!
Trendspotter Swing on the Daily, WOWHi Guys,
Just a few alerts set for TS in the daily. See the results for yourself.
Enjoy,
Enda
BYND Trade IdeaIf we see hold of 138 zone, we should be seeing 145.
Entry would be on retracement at 138; and stop loss of 70c below it.
BYND corrective wave completed?As Stock Plunges, Beyond Meat CEO Says Relationship With McDonald's 'Very Strong'
Plant-based meat producer Beyond Meat Inc’s (NASDAQ: BYND) stock spiraled 16.9% downwards Tuesday. The selloff was triggered when McDonald’s Corp (NYSE: MCD) did not name Beyond Meat as one of the suppliers for its plant-based product line, McPlant.
What Happened: Beyond Meat investors panicked over fears of potential competition from McDonald’s in the plant-based meat substitutes market, CNBC reports based on Wall Street analysts’ comments.
McDonald’s plant-based meat supplier is still not made public, leading to speculations over its business strategies and product mix.
Select McDonald outlets could restart the meat-free foods in 2021. USA TODAY quoted McDonald’s international president Ian Borden by stating the McPlant lineup is “crafted exclusively for McDonald’s, by McDonald’s.”
In discussion with Jim Crammer on Mad Money show Tuesday, CEO of Beyond Meat, Ethan Brown said, “I believe our relationship with McDonald’s is very strong. We’re involved with McDonald’s on a number of different fronts.”
Brown also said that Beyond Meat is “doing things now to prepare for things in the future that involve McDonlad’s.”
He did not clearly say if BYND was the chosen supplier.
Rising Wedge Support and Hidden Bullish Divergence on MACD |BYNDBYND has had some volatile movements this year, but generally trending upward. The entire year, BYND has been trading in a beautiful rising wedge. The support trend line has seen three reversals (mid-march, start-april, start-september) and the resistance trend line has seen three reversals as well (mid-jan, mid-jun, mid-oct). After the mid October reversal BYND has lost 28% of its value in a steep decline and has now arrived at the support trend line. If BYND would find support here, a hidden bullish confirmation will occur and BYND will likely reverse to the upside with a 40% growth potential before reaching the resistance trend line.
Please be aware of upcoming earnings at November 9th!
#BYND #BYNDMEATEasy choice a good reward to risk ratio is all we need for a trade, well this qualifies
THE WEEK AHEAD: DKNG, BYND, LYFT EARNINGS; XOP, GDXJ, SLV, QQQEARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS:
WKHS (18/146/38.8%),* Monday, before market open.
PLUG (32/100/25.6%), Monday, before market open.
DKNG (32/89/23.6%), Friday, before market open.
CGC (39/132/23.5%), Monday, before market open.
BYND (32/77/18.9%), Monday, after market close.
LYFT (16/71/18.0%), Tuesday after market close.
Pictured here is a BYND December 18th 130/200 short strangle that was paying 7.95 at the mid price as of Friday close, with the short legs camped out at the 18 delta. This yields at or greater than two times expected move break evens and a delta/theta metric of -.58/23.86.
Alternative Defined Risk Setup: BYND December 18th 125/130/200/205 iron condor, paying 1.59 at the mid price as of Friday close with break evens at the expected move on the put side/greater than 2 x the expected on the call and delta/theta metrics of .96/2.45.
Unfortunately, WKHS, PLUG, and CGC all announce on Monday before the open, so any play would've been best put on before the end of Friday's session, although they could still be playable after they make their earnings announcement move.
LYFT: Short straddle or iron fly.
DKNH: Short strangle or iron condor.
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING:
XOP (14/53/14.1%)
USO (9/57/13.4%)
GDXJ (16/47/12.9%)
SLV (38/50/12.7%)
GDX (16/39/10.9%)
EWZ (17/41/10.7%)
XLE (25/41/10.6%)
BROAD MARKET RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING:
QQQ (25/30/7.2%)
IWM (24/29/7.2%)
SPY (19/24/6.0%)
EFA (21/21/5.3%)
IRA DIVIDEND EARNERS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING:
SLV (38/50/12.7%)**
EWZ (17/41/10.7%)
XLE (25/41/10.6%)
KRE (22/39/10.5%)
* -- The first metric is the implied volatility rank or percentile (i.e., where 30-day implied volatility is relative to where it's been over the past 52 weeks); the second, 30-day implied volatility as of Friday close; and the third, what the December at-the-money short straddle is paying as a percentage of stock price.
** -- Neither SLV nor GLD pay a dividend.
BYND LONG ENTRY BULLISH SHARK HARMONIC, PCZ is either the 886 or the 1.13. I will be looking for longs at the 886, of course given there is at least a bullish div (RSI/ MACD) on the 4H or above. Stop slightly below X.
AMDI would go long over 82 or go short under 79.
Earnings are on Tuesday this week. There is a 7 point move priced in.
BYNDBYND - Couple things going on here in my opinion...Cup and Handle is pretty prominent in blue as well as a Bull Flag in yellow. The purple rectangle is the equal target for a cup and handle from a more conservative perspective, placing it at the bottom of the W instead of at the top of the potential breakout. In my analysis, it completed a 5 Wave structure and is now in the WXY correction. I think the W has been put in, and we will pump up to the X in the shorter term regardless in my opinion, whether we correct down to Y or pump up further from the X is a different story. I am swinging some equity as well as some Calls with expirations further out in December. Short term target is 185ish and longer term at the top of that rectangle at 215ish. Earnings is on Nov. 2 so this could run up into earnings but ill just have to wait and see how it plays out.
BYND LONGApproaching demand zone and it’s been on a downtrend for over a week now so turn around will be soon perhaps early next week. Watching for volume confirmation and the overall market.
