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samy816
Apr 27, 2020 10:42 PM

Could it be a bump and run reversal? Long

Beyond Meat, Inc.NASDAQ

Description

after hitting the wall at 200MA and also a short term trend resistance, we have pulled back to the assumed bump ...tomorrow will decide things I believe..I am betting long all things considered

Comment

Goes to show that price is king and analysts should pay a little more attention to price action...amazing rally today.. very much sustainable... I am biased a a vegetarian ;)
Comments
livingproof229
Would you recommend holding a $110 option call for 5/1/20???
samy816
@livingproof229, I am too inexperienced in options to make any recommendations my friend, as i noted in the main comment, I think how the price plays out will make that decision for you and me, im long and will go by my own trading strategy which is to close any position if the support line from the bump and run pattern fails... at this point its really 50/50 i think. Just abide by your own strategy
livingproof229
@samy816, thanks
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