Get started

Plantbasedfoods

Is Oatly Dead? Is it going to 0?Hi Guys! This is a Technical Analysis for Oatly (OTLY), on the 3 Day Timeframe. New candle starts today So the question here is whether or not OTLY is dead and if its going to 0? It may seem like that but when "Checking underneath the hood" with TA, things become clearer and you can understand whats going on objectively with a level head. So we've come down signficantly from around the highs of $29, about a 95% drop to current prices. And its been alooooong time we've been on this downtrend, about 781 days. In my case though, the question i've been asking with Stocks such as OTLY or SPCE or BYND or CVNA (before the massive run) is whether or not there are signs of bottoming? And with such a new stock, it can be a little difficult to assess since theres not as much data points to go with. But you can still make do with what you got! We are Currently 4 RED candles in, watch the size of our current candle. IF at the CLOSE of this current candle, the body of it is small, that can be an indication of BEARISH momentum decline. Notice how we got our most recent DOWNTREND, it is due to the RED circle that indicates price hitting a convergence of Resistance: 1. the 50 Simple moving average 2. a RESISTANCE trend line from 08/2022. We are now nearing our previous low of around $1.35. Which is MAJOR SUPPORT. Notice the 2 GREEN CIRCLES -> Provided we don't breakdown below $1.35, this can be a DOUBLE BOTTOM pattern. We have to watch the next couple weeks of how we interact with SUPPORT. NOTE: This MAJOR SUPPORT hasnt had 3 touches, which in TREND theory, it states that usually a minimum of 3 touches are needed on trend lines for it to be significant. So, this can be an area we BOUNCE from in the SHORT-Term -> back to the BLACK resistance line or RED Resistance line There is also a RISK of a Descending triangle playing out, where we break below the "MAJOR SUPPORT". Measured Target would be $0.58-0.60 cent level. But again TA is about taking it 1 step at a time. To even think about this i would need: 1. Candle close BELOW MAJOR SUPPORT 2. CONFIRMATION -> In the form of candle patterns -> Re-test of the SUPPORT turned as RESISTANCE and a Rejection back down. It absolutely does not have to play out this way BUT a scenario could be that we bounce from here, test the 08/22 RESISTANCE and come back down to test MAJOR SUPPORT level. It is also possible that we MOVE SIDEWAYS (Within ORANGE Rectangle zone). With the Volume currently in a DECLINE, marked by the BLUE moving average. This means volatility will come down, leading to the probability of sideways action. Now Check out the RSI, we have printed a Lower Low. This could lead to further DECLINE of RSI. WE are also BELOW the BLACK RSI Moving average, which can be indicative of further price declines. STOCH RSI, is making its way below the 20 level. We will have to see how long we stay once we get below it and how low we actually get. Longer we stay below, higher the probability of further declines. MACD -> a momentum indicator, is currently printing RED histograms. This is a BEARISH Signal. We dont want the bars to get massively big in size. CONCLUSION: Price declines of massive proportions can be extremely scarey and a place for capitulation, where people give up. This often times leads to further decline of price. However through all that, if you stay level headed with TA, you consider or pose the question..... Yeah, but is it showing any BOTTOMING signs? OTLY is 95% from its lows, we are currently back to MAJOR SUPPORT. This can be indication of a DOUBLE BOTTOM but in my opinion, its still too EARLY to tell. Especially with indicators still showing signs of a chance for more downside. I would need to see confirmation. Stay tuned for more updates on OTLY in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NASDAQ:OTLY
by SafofAllTrades
BYND - Signs of +(ve) Trend Reversal An update on BYND, a stock ive been watching. I have put out some ideas on it potentially bottoming out and this idea is an update on my previous thoughts. This analysis is on the 3D chart ALSO NOTE: Current 3D candle will close AUGUST 1st. I've split my thoughts into Bullish/Bearish sections, Lets start with the GOOD NEWS first! BULLISH THOUGHTS Currently we have 5 candles above the MAJOR resistance line that formed June 2021. If you look at my previous charts, you'd notice that interacting with it, drove BYND down to its current prices. THIS IS A VERY BIG ACHIEVEMENT in my opinion. Currently, indicating to me that we have attempted a trend change and have SUCCEEDED. Which would also point to the idea that we have most likely BOTTOMED out. HOWEVER, it is VITAL that we stay above this line and have it act as SUPPORT. There is a possibility of price moving down to touch the BLACK line, if it does we need to see how it reacts. NOTICE also the BLUE Moving average, this is the 42 EMA which has converged exactly where the RESISTANCE turned SUPPORT line is, adding another layer of SUPPORT. This is good to see as well, with the current 3D candle forming a LOWER WICK. This shows buying pressure or power. Notice also the GREEN Horizontal line, adding a 3rd layer of SUPPORT. Lets now look at the RSI -> Notice how we've broken above the upper BLACK horizontal line and testing it as SUPPORT. It is crucial that it acts as SUPPORT and we stay above it. If so, BULLISH CONVERGENCE is at play, which could help us break through the RED RECTANGLE ZONE. STOCH RSI -> Notice the curving occuring, indicated by green line. It would be great to see it curve and move back up above the 80 level. This would indicate bullish momentum coming back in. We don't want it to continue down. MACD -> Notice how the size of the RED histograms have shrunk. This shows waning BEAR momentum. I would like to see more green bars print, bigger in size. Also notice the BLUE/ORANGE lines are now above the 0 level. This is a bullish sign, i would like to see it continue up and have more of a slope up as well. BEARISH THOUGHTS Notice the RED RECTANGLE ZONE and upper BLACK RESISTANCE line. We have been REJECTED from the RED ZONE and the BLACK line has helped to push us down. We are also within a DESCENDING TRIANGLE, indicated by green horizontal line and BLACK RESISTANCE TREND LINE. These normally break to the downside. It could push our price below the MAJOR RESISTANCE LINE, taking us all the way down to the LOWEST BLACK LINE. RSi is testing very important SUPPORT. We need to absolutely stay above for the BULLISH DIVERGENCE to play out. STOCH RSI has crossed below the 80 level, which indicates bearish momentum. This could give the DESCENDING triangle "juice" to play out. Again, its crucial STOCH curves back up. MACD, blue/orange line behavior doesnt look strong at the moment, in my opinion. I would like to see it slope up more and begin to move higher up. That momentum can be enough to push price up RED ZONE. WE absolutely do NOT want Orange line over the Blue cross, this would indicate downward pressure, could give DESCENDING TRIANGLE fuel to break down. We also don't want LIGHT GREEN HISTOGRAMS to print, as it also indicates LOSS of BULLISH momentum. CONCLUSION: BYND is ABOVE the MAJOR RESISTANCE, that played a huge part in pushing prices down. On top of that the 42 EMA is converging to add extra layer of SUPPORT. Until PROVEN OTHERWISE, we have SUCCESSFULLY completed a MAJOR TREND REVERSAL, and may have BOTTOMED OUT, in my opinion. In the days to come we have to stay above the 42 EMA (BLUE), and BLACK LINES, maintain above the BLACK HORIZONTAL line in RSI, stay above the 0 level on MACD and more. If things, continue to stay above, probability of getting above RED ZONE increases signficantly. However remember there is always a chance of the opposite occuring, trading is not a game of certainty, thats why it is important ot continuously observe the charts to look for new clues. Keep an eye on the PRICE ACTION staying above our SUPPORT zones, DESCNEDING TRIANGLE, STOCH RSI and other bearish signals. TRADE IDEA: DESCENDING TRIANGLE: 1. Break below = take a SHORT 2. break above the BLACK line, take a long -> Approximating Target of upside or downside, measure the base (green line) to the upper part of black line, (remember this is an approximate target, it doesnt have to hit target exactly) TESTING BLACK SUPPORT LINES If you see price come back down, we will most likely test the BLACK LINES, which could be potential BUY ZONES YELLOW SUPPORT LINE: If we find our selves back here, this is MAJOR BUY ZONE, in my opinion. You can even DOLLAR COST AVERAGE STOP LOSS "Below the MAJOR RESISTANCE LINE" "Below 42 EMA" THANK YOU for taking the time to check out my IDEA! If you liked what you read, please do support me by FOLLOWING, BOOSTING and COMMENTING on what your thoughts are! DISCLAIMER: I am NOT A FINANCIAL ADVISOR. This is by no means FINANCIAL ADVICE. Everything expressed is my opinion and for educational purposes. When trading always set your own strategies, focusing majority of time on risk management. Protect yourself with stop losses! CHECK OUT MY PAST BYND IDEAS BELOW**********
NASDAQ:BYNDLong
by SafofAllTrades
TTCF | WOW, What an Entry! | BounceTattooed Chef, Inc., a plant-based food company, produces and sells a portfolio of frozen foods. It supplies plant-based products to retailers in the United States. The company offers ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, cauliflower crust pizza, and plant-based burgers. Its products are available in private label and Tattooed Chef brand name in the frozen food section of retail food stores. As of December 31, 2021, it operated approximately 14,000 retail outlets. Tattooed Chef, Inc. is headquartered in Paramount, California.
TLong
by DivergenceSeeker
$NXMH Gains Multiple Big Investors Restricted @ 2X Current PriceOn January 31, 2022, White Knight Co., Ltd., a Japanese Corporation, owned and controlled by Koichi Ishizuka, sold a total of 999,999 shares of restricted common stock of Next Meats Holdings, Inc., a Nevada Company, at a price of $2.63 USD per share, to two Japanese Citizens, both of whom are not considered to be related parties to Next Meats Holdings, Inc., pursuant to Regulation S of the United States Securities Act of 1933. Koichi Ishizuka is an Officer and Director of Next Meats Holdings, Inc. archive.fast-edgar.com/20220202/A7Z2622CZ22ZP2Z2222O22ZWEVVOXZ2S7242/ Over the last month $NXMH has dropped several filings similar to the one above indicating investors have taken huge positions in the stock with restricted shares at 2-3x the current price. It is also collaborating or possibly the shell umbrella company for Wayback Burgers Restaurants and Dr. Foods Inc. both of which is estimated to pull in substantial revenues. With these filings in, it is only a matter of time before the shell status is removed and the real fun begins here. With the current float, $30-$50 is a possibility, but to be on the more conservative side I would say $15-$20 for the first year. It reached $14.50 early in 2021 so anything is possible. Looking forwards to the future of this great company.
OTC:NXMHLong
by StockGuild