Beyond Meat
Short Term
We look to Sell at 21.99 (stop at 23.88)
Further downside is expected and we prefer to set shorts in early trade. The medium term bias remains bearish. Trades with a bearish descending triangle formation. A break of the short-term upward trending support at 22.00 should encourage selling.
Our profit targets will be 17.18 and 13.30...
We see a head and shoulders pattern beginning to mature on Beyond Meat daily chart.
Take a sell from the neck-line to closest support @pprox 133.70.
T.P @pprox 109.67.
Quick Breakdown of Beyond Meat $BYND
Trade Details:
- Estimated Time: 6-8 Days
- Short Entry: $151.64
- Short Target: $142.73
Options Play:
- BYND Put $142 7/2 @ $275
Do not trade this, you will lose money
DotcomJack
