BYND bottom of the channel here watching for a reversal, possible bounce to long or we break and continue this downtrend, overvalued stock that will take a massive hit if the market continues to bleed.
I always liked your analysis but this time finding it difficult to believe. In the current market do you see its going up, if yes when?
jUiCE_Trades
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@superhumankm with the current market, no, most high growth stocks that had insane runs with from start of covid times are taking a massive hit, we are currently rotating sectors constantly and money seems to be steadily attracted to memes, travel, casinos, blockchain and weed stocks... bynd is just an equity play for me as it’s at the bottom of the channel but it could break to the downside and bleed more
superhumankm
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@jUiCE_Trades, Thanks for taking the time to respond, appreciate it. The market has just fallen like a eucalyptus tree ( too fast). Very very difficult to assess what's next and when.
jUiCE_Trades
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@superhumankm yes it’s best to stay sideline through this until market decides which way it wants to go s&p 500 has been very choppy past few days, good to wait for clear reversal for short term calls or good time to build the long term portfolio