This is just an observation: Beyond Meat (BYND) is breaking above its 4h EMA exp ribbon. It also just broke above its displaced daily EMA. These are two very bullish trend reversal signals. Regardless of fundamentals, these indicators are showing that there are no more sellers left and the trend may soon reverse. When everyone is still super negative about an...
I’ve been feeling the hurt from having bought BYND after publishing my previous BYND idea. See linked chart. However, since then I’ve increased my position 3-fold and decreased my dollar-cost-average by $60+/share.
To the Bulls who, like me, have been feeling the wrath of the Bears: I think it’s our time to shine. Now is the time to go big or go broke,...
It's two scenarios for beyond meat ,
1) start from $19-$20 for $37 and then down to this area again , it's terminal pattern and it's gonna reach above $200
2) if it's start from $19-$20 and break 37 , it will go to $160 dollar , it's triangle
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 look to Sell at 27.76 (stop at 29.59)
Further downside is expected and we prefer to set shorts in early trade. The medium term bias remains bearish. Previous resistance located at 28.50. There is scope for mild upward pressure at the open but we look for selling interest to resist gains.
Our profit targets will be 21.80 and 15.40...
Beyond Meat ( NASDAQ:BYND ) In A Cup?
No of course not! Beyond Meat ( NASDAQ:BYND with a cup on its chart? Yes!
BYND has been in a downward trend since the beginning of the year. I discovered two factors that led me to believe that the stock will begin an upward trend.
1. Cup on the daily timeframe
2. Bullish Divergence
On a non-technical note, Beyond Meat...
BYND is a chart I have been following lately. It’s the chart with the less amount of data I have ever worked with.
However, I see two consistent situations that happened at current levels in the past. So I plan to develop a setup if I see similar behavior with them (please check the green circles) OR to avoid trading if the price is not following those...
Beyond Meat, Inc. manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club store, convenience store and natural retailer channels, and direct-to-consumer,...
1. ATL is floored in March followed by a Bullish rally in April as happened previously in 2020.
2. Price is on a major support.
3. Bearish Trend Line is broken with a green candle.
4. ABCD pattern completed and price has retraced with bullish candles.
5. Formation of Bullish Rectangle
6. Bullish Divergence
7. Fib retracement from ATL to 0.236...
Beyond Meat, Inc., a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. It operates under the Beyond Meat, Beyond Burger, Beyond Beef, Beyond Sausage, Beyond Breakfast Sausage, Beyond Chicken, Beyond Fried Chicken, Beyond Meatball, the Caped Steer Logo, Go Beyond, Eat What You Love, The Cookout...
So my pennant wasn't correct last week, it actually formed a much bigger one. As you can see, it's overbought on the hourly, so probably a bear trap dip this afternoon and possibly tomorrow. Things like to back test the pennant before breaking out so a down day won't surprise me but I would not short this stock.
Rather wait for the breakout and go long. ...
I don't even like BYND meat
but supposedly bears are piling onto the stock, and so I looked
The chart looks poised for a reversal higher on both the daily, weekly, and monthly charts.
If they got it to break to new lows I could see it going lower but right now it looks like it should go higher, which would kill all the bears.
Consider Calls above 72.75
Consider Puts below 62.94
The 107k 70p sell on 1/07 caught my eye. Most other large purchases on 1/07 were leaps - the other big purchases that are DTM puts seem to be the closing of some OI - will confirm today
see my twitter for more
Looks to me like BYND is forming some sort of pennant today.
I think it moves big on Monday, could be worth playing a spread or maybe a protected long position. The top is probably in for the day so you might as well wait until right before close to make a decision.
I'm leaning bullish based on daily chart patterns but it looks like a lot of people who bought...