I believe BYND will rip trough next week! Chart is our friend and headlines news are helping the ods!
Cup & Handle is forming and we might head to the second pivot resistance around $160!
Huge volume kicked in recently after Reuters released this statement:
BRIEF-Beyond Meat announces partnership with Chinese restaurant chain Jindingxuan * BEYOND MEAT SAYS HAS PARTNERED WITH CHINESE RESTAURANT CHAIN JINDINGXUAN ON PLANT-BASED BEEF DISHES
* BEYOND MEAT SAYS DISHES NOW AVAILABLE AT 18 JINDINGXUAN RESTAURANTS IN BEIJING Source: Reuters
** This is not financial advice, trade at your own risk, markets are very volatile and indexes where at ATH this previous week! **
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Absolute beast!
Options went from .96 to 9.75! whooping 970%+ in half a day!
Congrats for those who followed the set up!
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Insane gains this morning with BYND,
Congratulation on everyone that got paid with those options contracts that went from 1 to 60
yeah love the idea. Thoughts on recently downgrading to hold - maybe this will form the handle of the cup?
NineToFive
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@jamawd24,
I personally rather see it for myself and follow price action at the very moment as so many factors are involved,
Always take into consideration every single piece of the puzzle. (market sentiment, political events, pre markets, tech analyst etc)
Just my opinion!
Jimmy205
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@NineToFive, yep totally agree. I use TA for the best price to buy and am interested in the mathematical relationship, only invest in solid companies with potential and innovation whilst taking into account the financials.
yjagger
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@NineToFive Indeed. the growth was totally insane. I wish I had not squared off my positions a day before.