BYND is a beautiful pattered which could result into a breakout. In the chart I have the top and bottom of the trend lines marked at their prices. Currently I am looking @ 4/9 150 lottos and if we see an ABCDE correction breakout I will go with further expirations. This seems like a low risk high reward Yolo play to me. Comment your thoughts.
It had a nice jump up today (4-7), but then fell back down. You like it jumping back up this week or next after the fall? It looks like its sitting on decent support of $130, but could fall further
Eatmorechicken
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@jakeries7 being supported at 129 which is the .5 fib. I’m already out of my position. I played 4/9 150 lottos that went from .05 to .97 in 2 days 👍🏽
jakeries7
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@Eatmorechicken, I'm new to this, and had to google fib. I know you made good your lotto. I'm just looking for a decent swing up tomorrow. I'll see if my studying was right
Eatmorechicken
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@jakeries7 if I saw this before close yesterday I would’ve recommended SPY 410 3/9 calls. Did pretty good 52% return. Once you learn how to use a Fibonacci retracement, you’ll become very profitable
dglett
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Awesome call out. We'll have to see which way it breaks. The PPO's are showing divergent lows which will give it upside strength. Will add this one to the watch list for sure. Thanks.