TradingView
ChristopherCarrollSmith
Jul 2, 2019 6:37 PM

BYND may recover late in the day Long

Beyond Meat, Inc.NASDAQ

Description

Beyond Meat is down today even though it posted strong sales numbers this morning. It's near trendline support and could recover somewhat in power hour today.
Comments
aliakhtar
Any targets?
ChristopherCarrollSmith
If we get to 153.40 or 154.50 early tomorrow I'd take my profit there, because that will probably be the high before a pullback, and then you can re-enter at the mid-day low. Set your stop loss below the trendline, because if it breaks that line then it could fall to 140 or 131.
aliakhtar
@ChristopherCarrollSmith, thanks....I have shared my idea as well tradingview.com/chart/BYND/isvKwYl1-testing-fib-levels/.....let me know your thoughts on that.
ChristopherCarrollSmith
I haven't studied fib analysis enough to be able to comment in an informed way on that, except to say that those correspond to major support and resistance levels, so they're pretty good price targets.
More