$BYND Long Above $151 In Beyond meat
As with most stocks the heavy selling last week brought the bull run in BYND to a swift stop.
Mondays 5% reversal of the lows is very encouraging though and sets up continuation today.
Short interest remain high at 13.33%.
Possible long entry above $151 with $157 as our short term target.
Longer term the June high @ $167 is on the horizon
BYND trade ideas
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.
$BYND Beyond Rallies when others Falter The Fibonacci Golden pocket Broke today on high volume, further gains
were hampered by market weakness.
Tomorrow there may be a trade above the $158 level with $162 as the first target.
Previous major pivot point $167 is very achievable by weeks end.
Short interest can help fuel the rally further.
$BYND Beyond Meat Causing shorts some worry
Quite a week for BYND with multiple positive news events, currently up 17% for the week.
If market is positive today it may be possible to trade back up to the Fibonacci resistance at $150.
Longer term holders could have a more defined stop loss now below $138
Alert also set for move above $151 for a major rally setting up.
Short interest 13% so some covering may occur.
PAY to BEYOND MEAT DailyHello people, BEYOND MEAT is in a fake bearish push with a large buying volume and we see a desperate attempt by buyers. But despite all its signs it still asks to go up, on the TIMEFRAME 1 Min we see a refusal from the sellers. BEYOND MEAT moves towards its last precedent lower to then turn around. Strong potential to close the bullish gap and go the next bearish decision candle, Not enough force to reach its median.
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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.