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BYND

Beyond Meat Looking For a New Support ZoneChecking back in with $BYND. If you've been following our Beyond Meat Analysis you'll see the level we've been buying at has been around that $125 mark. There has been a lot of activity in that zone and we finally got a break upwards through the resistance. We're expecting a bit of a pull back to find our new support level. If we find support on that previous resistance line in blue we're expecting a bullish continuation (possible cup and handle formation in the making) and our next target would be the $193 area. Happy Hunting and remember keep those stop losses on as the Vix is climbing and we're expecting to remain volatile until after the elections and waiting to see if we're hit with another Covid wave or not. Hit us with a like and a follow for more 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. Feel free to give us a follow and shoot us a like for more analysis updates.
NASDAQ:BYNDLong
by MannyLo
BYND 1D RANGE TRADINGRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:BYND
by Tradingstrategyguides
BYND: Bullish long term and Short TermOwnership: 25SEP21 160/162.5C (Debit Spread) – Day/Swing Trader Portfolio I own both Shares and Options - Long Term Portfolio Description: I am an alternative meat eater 2 days out of the week, I do this both for health reasons and environmental. I'm a bigger fan of impossible meat than BYND, but still believe in BYND as a company. Let’s talk short term though. BYND saw a HUGE run last week where we jumped 17%! Then we saw a healthy market pullback along with the rest of the market. As of right now we are in a healthy Ascending Triangle and I believe we’re heading to 158.39 which is a strong weekly resistance right now. I’m also waiting for my DOA Sniper to fire Green. If we break 151.35 on Monday, I see us heading to 158.39, then 167.59/168.36 very easily. Once there we’ll either keep climbing or drop back down with an easy pullback to the weekly resistance. PLAYS: I would stay close to ATM/ITM for any short-term swing trades, I’m bullish it’ll run so you’ll make your money either way. Because of the overall market uncertainties STAY RISK MANAGED no matter what you do lately.
NASDAQ:BYNDLong
by Uncle_Eagle
2
Bullish Flag or Descending Triangle for BYND?On the RSI there was a noticeable bearish divergence that started in May where I have the red finger pointing sideways, meaning, the price was increasing but the RSI was decreasing, it appears as though the divergence has completed. On the KST there's potentially a bullish cross happening, I have placed a green finger icon to represent a previous bullish cross, and a question mark to represent where there's one potentially happening now.
NASDAQ:BYND
by ScotianBot
1