0Q3 trade ideas
BYND LONG This is a tricky one but I want to be long on BYND. As you can see as it has held support over the past couple trading sessions it has been accumulating volume and is setting up nicely to make a move to $200. This one is wanting to go higher and in a market with not a lot of major competition BYND could make another run up.
*NOT INVESTMENT ADVISE*
09/28/2020 BYNDBYND may have just finished a wave 4 triangle or a 1 2 1 2 formation and is going into wave 5 of wave 3. This ending wave 5 may be a part of a leading diagonal which could be wave 1 of an extended wave 3. Also there exists trendline support which provides clear defined risk. PT is at least 160, looking for 165 (triangle throw over).
$BYND Looks Ready to Breakout from 4 Month Rounded formationNASDAQ:BYND been working on a 4 month rounded formation that is bringing the stock back to the $164 level. Volume pattern is showing aggressive accumulation during this period increasing the probably of a breakout soon without this pattern transforming into a cup and handle pattern (pull back before a breakout takes place).
A strong daily close above $164 would trigger a long entry with a possible price target of $230-$235 targeting prior ATHs.
Cup and HandleNo rising wedges in this chart. There is a double bottom before uptrend
Price is not to entry level
HL= Handle Low
There is an unfilled gap under price
NV is low.
Short interest is high
This was a H&S pattern that never developed
I am not in this one but good luck!
To me it is the food stock of TSLA..lol. It is not my fault if I just do not get it! Just reading the pattern and again, this is not to entry level
Not a recommendation