BYND - Big move coming! Long

Beyond Meat, Inc.NASDAQ

Description

⋅ Jul 7, 2021 2:08 AM

-Wolfe wave triggered on multiple timeframes
-TTM Squeeze forming on Daily
-Pennant/Wedge formation
-BYND is getting ready for a big move.
We bounced off of the 200 SMA perfectly and using it as a support.

Contract Suggestion:
7/16 155C @ 1.70
7/16 157.5C @ 1.38

Comments

Saharia

⋅ Jul 7, 2021 7:52 PM

Do you think it’s continue downwards moving now or do you see the reversal?

Ross-Santos

⋅ Jul 7, 2021 9:44 PM

@Saharia, the overall market sentiment was bearish today which brought BYND along with it. We're just waiting for a confirmation of a trend reversal.

Saharia

⋅ Jul 7, 2021 9:57 PM

@Ross-Santos, yes, I agree with you. Thank you so much for your analysis.