I've listed most of my Technical analysis points on chart. Fundamentally the company has plenty of cash on hand to handle debt obligations for 12 months onwards, but the astronomical Valuation metrics (i.e. Price to Sales, Price to Book) when compared to traditional competitors such as Tyson Foods and Sanderson Farms indicate a high price premium. In addition...
Check out what plays we are watching for this coming week! As well as a recap of last week's video!
On Snow we are looking for a break of the $279 level with targets of $280, $282 and $283
Nice bullish engulfing pattern after earnings. Watching for a break of $126 with targets of $127, $128 and $129
$BYND closed strong on friday with a green hammer off key area. Also sitting at the bottom of it's range, we could see $140s and $160 soon. I like entry here for swing for at least 2 months. It could take a while to get up there again. Great RR due a tight stop under $116.
I originally bought BYND @ $112 a few weeks ago. Since then, it peaked @ $160 amid news of recent hire Phil Hardin to CFO. Hardin was considered a "veteran" at Amazon where he previously worked as a VP of Finance. I'm waiting to confirm this pattern. If it hits $150 before the end of October, I will sell. I will then buy back in where the triangle forms around $117.
NASDAQ:BYND broke out of channel two days ago and has setup a favorable long trade.
Entry above today's high at 157.45
Stop loss under today's low at 151.47
Profit target has multiple options but I am going just under the resistance from 2/16/21 at 183.50
Risk/Reward ratio of 4.36
Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
BYND we are looking for a breakout of consolidation that we've been seeing over the 200sma. Confirmation level is over $152 but can take anything with good strength over $149
Looking for a nice breakout over the $380 level as we saw a nice...
After a missed entry at $120, there is a new LONG entry if price closes above $144.
Remember, this is only published to share my view and analysis!!!
Always do your own due diligence before making any trade.
TP 1: 166
TP 2: 180
SL : 140
During the next 2 months, the stock market will undergo a correction due to inflation fears. Beyond is a great company, however, this drive will cause the stock price to drop to the maximum possible retracement, .146 sitting at around ~$73/74. This is confluent to the bottom of the triangle.
The worst-case scenario is that we enter a bear market for some reason...
I dont care where you sit on the climate change debate as
one thing remains true and that is they want the world eating less meat
and eating this synthetic stuff which will soon enough be in every fridge
in the local supermarket .
Farmers are under constant pressure to reduce Co2 levels etc and cows in this
climate crazy world are harmful...In addition to...
Beyond Meat looks to have found a moving support at my trend line, and I believe it will make a move to the 200 EMA in the next few weeks, and hopefully extend back above it. Expecting a $10 move upwards to ~$140 at least by the end of April. But Only Time Will Tell.
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MeaTech is developing a novel, proprietary three-dimensional bioprinter to deposit layers of differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat, often called "clean meat" or "cultured meat."
MeaTech Announces Pricing of...