BYND has hit my long term fib target and has pulled back to the 0.618 - 0.786 retracement that I have been waiting for.
Now with bullish divergence coming in and a strong impulse candle just printed, it looks ready to bounce and perhaps even this is the retracement bottom of the market.
If it is the bottom, this could be a very lucrative play in this stock that has had a devastating bear market.
May pull back here as it is hitting the 4H 50MA, but if it can break through then we may see a big bounce.
This stock is becoming quite big in the UK; their products in major chain supermarkets and pubs.
They have Kim Kardashian advertising it so we'll see - it may go on to do big things and have wild bull markets.
Not advice.
Now with bullish divergence coming in and a strong impulse candle just printed, it looks ready to bounce and perhaps even this is the retracement bottom of the market.
If it is the bottom, this could be a very lucrative play in this stock that has had a devastating bear market.
May pull back here as it is hitting the 4H 50MA, but if it can break through then we may see a big bounce.
This stock is becoming quite big in the UK; their products in major chain supermarkets and pubs.
They have Kim Kardashian advertising it so we'll see - it may go on to do big things and have wild bull markets.
Not advice.
Comment:
This is also a great stock to sell puts on. For example I have sold the March monthly $6 strike OTM put and at current price if put to me at expiry I would own it for $5.19 which is below the market bottom.
Comment:
Log 2.272 reverse extension with 2.414 overshoot ratio has captured the low.
Bull Market Group 🐂
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Make gains, learn technicals 🚀.
$50 per month 👍🏻.
Contact: t.me/dRends35
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Make gains, learn technicals 🚀.
$50 per month 👍🏻.
Contact: t.me/dRends35