Short and sweet here.
BYND is showing signs of consolidation and reversal. Investors with high risk tolerance can take a long position at this location with a stop-loss around ~$14, as this would indicate failure to truly reverse. The first true confirmation of reversal would be a break out of its channel established in September, with a close above around ~$17.20. Full confirmation of reversal occurs with a close above ~$20.50.
There are also various options strategies which can be executed on this play. Look to the February and march contracts at $17.50 and $20.00, respectively, and if pursuing a more aggressive / risky strategy consider a call debit spread to limit losses.
BYND is showing signs of consolidation and reversal. Investors with high risk tolerance can take a long position at this location with a stop-loss around ~$14, as this would indicate failure to truly reverse. The first true confirmation of reversal would be a break out of its channel established in September, with a close above around ~$17.20. Full confirmation of reversal occurs with a close above ~$20.50.
There are also various options strategies which can be executed on this play. Look to the February and march contracts at $17.50 and $20.00, respectively, and if pursuing a more aggressive / risky strategy consider a call debit spread to limit losses.