swara7kadir

BYND Day Trade losing steam heading down hill !

NASDAQ:BYND   BEYOND MEAT INC
BYND has been parabolic the last few days, it seems that its loosing steam and cooling off and maybe its time to head down instead of up ! If it gets below $150 previous high on daily chart , I would go Short until roughly $130 blue trendline drawn and last profit target being the $120 pivot low of previous candle. If it doesn't get below $150 then I probably won't touch it. Be careful though, the cost of borrowing shares is very high !
Comment: premarket move is huge, its dipping hard !!! Maybe it will make most of the move premarket. In this case I wouldn't trade it.
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