Elliot wave seems to have been completed, and we've seen this stock get a lot of media attention recently.
I personally think Beyond Meat has been way too hyped up recently, and the company will likely do very well,
but the stock price needs a decent correction.
I will be targetting the .5-.618 fib as a zone to close my short, I may also be going long in this...
Today BYND meat got a buy rating from JPMorgan. As it heads out of the short channel and breaks through the resistance line it might be worth considering making long calls or buying these shares if this trend continues. I will post updates of this graph if you would like.
MY PATREON www.patreon.com
SHOW ME THE MEAT MONEY! ~ BYND MEAT has been one volatile little pony. Time to ride that ass into the ground with a short channel money grab. Take caution bc this channel can and will turn around on you and buck you faster than you can say sell. Nothing like going YOLO on BYND shorts for that good times great oldies WSB post wall.
show me the money
www.patreon.com
SELL THE SHARES OR SHORT THEM - THE COLLAPSE HAS JUST STARTED !!!!!
What happened to beyond Meat is an flagrant demonstration of how top executives and the Law autorise them to screw existing and late shareholders to make tons of money on their back and let them take the slide and huge losses.
clearly selling shares at 160 $ to privileged shareholders is...
Where there is no vision the people will perish.
Next, stop at $135.91 until we see a bounce to form the right shoulder. Let's see how this plays out, BOL.
Beyond Meat bubble is beginning its burst with Stochastic RSI, RSI, and Godmode showing a Double Top on the Daily with bearish crosses...
Declining Volume within a Rising Wedge...
Consecutive Hanging Man candles on the Daily...
Short target is the major unfilled Gap on the Daily...
NASDAQ:BYND
Beyond meat is one of the best-preforming stocks this year, and will go into the history books of IPO´s. BYND is an alternative-to-meat company; in other words, they are in an incredibly growing market.
Their valuation is sky-high, but after the recent correction, there might be a trade opportunity. BYND has quadrupled earnings since the same time...
On Monday July 29, Beyond Meats announced earnings just before market close: $-0.072 (est), $-0.24 (act). Despite have beaten analyst estimates, Beyond Meat's stock price tanked by around 18% from 3:00pm to post market hours. I realized that the only reason for this was because the market was reacting to the news of BYND second stock offering at a price of $160...
Fellow Webrats-
Its been a crazy week for equities. If you were short like us. You probably thought the $spx was going to pop back over 3033 but allas. It did not. The #bulls sure tried.
$BYND
I hope most of you are not #hodl or are #bagging.
Have no #fear. Q3 is here. If anything. Work on a chart from Monthly down to hourly then 30 and 15 mins.
Go for 1 min if...
