jwjustinwatkins

BYND Choppy but Bullish at 0.50 Fib/PL.

Long
NASDAQ:BYND   BEYOND MEAT INC
BYND
Today's Date 11/18/20 Wed 3pm
Bullish

Orange PLs drawn from 4h chart.

Plan TLDR: Wait til stock falls to 0.50fib/strong PL Support/132.55, buy in, sell at 0.618 fib (140.39)

Plan: 0.50 Fib & 132 price point have been strong supports for BYND . The stock fell sharply due to McDonalds announcement of the competing McPlant burger, and it looks like the stock is zone trading between 0.5 fib and 0.618 fib as trading assess uncertainty. Make the quick play -bullish on 0.50 fib.

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