3 in-depth scenarios taking you through how I plan on playing earnings with NASDAQ:BYND Scenario 1: Mini Falling Wedge (Bullish) If this is indeed a falling wedge, we should see it smack both support and resistance 3 times prior to its decision. If this is the case, I'll be looking to grab a position later this week for a short-term trade. Scenario 2:...
We have a wedge pattern forming on the BYND 4hr chart as we get closer and closer to the earnings date on the 27th after the market closes. Price could really break out either way. Last quarter it earnings surpassed Wall Street's estimates by posting a profit of $0.06 per share on revenue of $92 million vs the expected $0.03 on revenue of $82.2 million. Stay...
Dates in the future with the highest probability for price direction reversals
Whether you like it or not, BYND is the first mover in the alternative meat industry. There is just way too much upside and growth to be captured in this nascent industry. Future trend toward green environment and sustainability will only push this industry higher. Three scenarios- #1. Test the local resistance one more time and break out of the bull...
Ranges are repeatable trading chart patterns. ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Nice channel, chilling at the middle of it with a spot below around 70 on the trendline and above around 78. Decent Strangle opportunity here if you buy within $2 OTM (Out of the money) on either side, same cost. $BYND
The bulls have gotten the Golden cross on the 4hr BYDN stock chart and we also saw a dip and a bounce right on the 50ma where we were hoping to find support. We're staying long at the moment with BYND especially until earnings date about 9 days away. Say Tuned! Shoot us a like and give us a follow as we come back with more updates. Cheers! Disclaimer: I do not...
Trading from bed today, feeling a little sick but still had an eye for the charts out there today!
Tight stop loss. risk management is the key.
I have shorted BYND with a (BYND Put Option @ $100 Exp. March 27th, 2020) I expect the share to move down to $100 to $90 within the next few months.
BYND consolidation in this uptrend forming a symmetrical triangle on the 4 hr chart with easing volume. Hoping to see a breakout of this structure followed by an increase in volume towards the end of the week/beginning of next. If so, I can see the price reaching the $140-$160 range in a hurry.
Going long on BYND, price has bottomed out after the sell off following IPO. Beyond turned their first Qrtly profit in Oct. My considerations though, lay predominately with Market interest, globally. A quick trend analysis on google shows that globally "Vegan" or "Veganism", is at an all time high. Demand for meat alternatives are growing, whatever the...
Cover your short position!
beyond meat next 2 moves in advance for Entraday trading Just Trade with proper money mangement Thanks
BYND topped yesterday following an impressive comeback from the November - December lows, which gave a strong bullish signal as the RSI was on a Bullish Divergence. This turned 1D extremely overbought (RSI = 85.585) and it was only natural to see investors booking profits first chance they got, and that was near the 137.00 Symmetrical Resistance. With the rest of...
January 8: After the drop of over 70% in the stock price, the price is rising and triggered/filled my BUY Order at $85.87 on the future prospects of Beyond Meat sales and McDonald's expansion plans for this company
What's up guys, checking back in with BYND since out last analysis about 4 weeks ago. BYND & Impossible Foods have both been trying to win over McDonalds for a while now. What just sparked the stock breakout out of the wedge, was that Impossible Foods CEO Pat Brown told Reuters that the company is working to more than double production at the moment instead of...
The price action managed to stay above the .886 and we got our first bullish marubozu candle in the PRZ. My target is the .50 to .618 because the price may reverse there if the cypher turns into a bearish 5-0