Hello Traders,
price behavior supports my latter analysis that a new impulse to the upside in BYND has begun!
The stock rallied to 135.23 yesterday, (Jan 14) on an intraday basis, before it reversed and finished maybe a wave „3“ at the intraday high. If so to come, the next move will be a „three-down“ or a variation thereof to complete a wave „4“.
A target area for the forementioned wave „4“ is around the 0.382 Fibonacci of a wave „3“ ~ $114.62-$111.83 for the stock. It is possible that a triangle is developing in a wave „4“ position, which indicate a sideways move to the named price level.
After that countertrend, a push to new high`s could be next with a target above yesterday`s high at $135.- to complete a wave „5“!
I will track the stock very closely. I think that BYND can be skyrocket in the coming weeks.
Have a great week...
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!
price behavior supports my latter analysis that a new impulse to the upside in BYND has begun!
The stock rallied to 135.23 yesterday, (Jan 14) on an intraday basis, before it reversed and finished maybe a wave „3“ at the intraday high. If so to come, the next move will be a „three-down“ or a variation thereof to complete a wave „4“.
A target area for the forementioned wave „4“ is around the 0.382 Fibonacci of a wave „3“ ~ $114.62-$111.83 for the stock. It is possible that a triangle is developing in a wave „4“ position, which indicate a sideways move to the named price level.
After that countertrend, a push to new high`s could be next with a target above yesterday`s high at $135.- to complete a wave „5“!
I will track the stock very closely. I think that BYND can be skyrocket in the coming weeks.
Have a great week...
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!