Getting close to a breakout here, call buyers coming into this wk's 180's
-174.50 key close for upside
- Prefer better volume, ideally comes if we breakout here
NASDAQ:BYND is the hottest thing in food right now and for many reasons....it tastes like an actual burger. I've never tried their other products but the Beyond Burger is very tasty. The new deal they inked with NYSE:APRN is very strategic and I believe a true winner for both companies.
Yes, I am BULLISH NYSE:APRN as well and think it will be purchased by ...
1) Uptrend is supported by bullish trend line. If the trend line is maintained, expect the price to be $182 minimum by 7/19/2019.
2) $159 resistance was broken at market open 7/10/2019. Next major resistance point seems to be at $165.
3) Higher stock price and increasing borrow rates is causing a short squeeze which can skyrocket the stock to ~$220.
Credit to...
NASDAQ:BYND
Something I came across that normally would result in the suggested move...
Selling $175 with a move towards the previous pivot LO with possible continuation towards a gap close.
This would capture a nice 15%+ move.
Crowd Strike, although an incredible company that is rapidly growing, is a complete rip off right now. If you multiplied the total Class A and B shares by $ 70.00 high you would get a valuation of $14,135,982,257. This is obviously outrageous, even by historically low-interest rates/Trump Bull Run standards.
You can imagine the typical reaction you’d get if you...
See we may have another place for the veggie traders. If Kellogg starts making a thing of this, we may see a reaction?
Drew some lines that outline some bullish divergences.
problem- These big older companies seem to have a tuff time with balancing their budgets. I have a hard time adding something like this to anything but an active trading account, so...
This was the hottest IPO of 2019. Statistically it was totally out of the line with others. But it happened and I'm glad that I was in it
The company is fine and the product is great.
But the revenue and the growth pace need to find balance with the market value of the company.
As soon as greed ends and we move to lock up period end BYND should correct...
After topping at $200, BYND meat looks like its currently correcting after a parabolic raise completing 5 waves up. I think it will pause at a 50% retracement at around $122, which corresponds with the 55 EMA on a 4hr chart. I then think it will dip lower still until it hits around $100, which is the .618 retracement and golden pocket. Potential long opportunity...
NASDAQ:BYND
Broke $152 on Friday - likely headed down to $120-$115 level and then next level will likely be $95. I currently own puts in this name.
A little summer projection for the beyond meat craze. "Hexane" carcinogen news will likely only gain traction in the media surrounding the fake meat industry with controversy, leading to shorts to pick up speed and...
Fundamental analysis
With all the hype around Beyond Meat meatless burgers. Tyson (TSN) who is a now official competitor on this semi-new (not only for vegetarian) market could be a gainer.
Technical analysis
RSI @48 trending higher (could be stronger)
OBV confirming at all time high
We made a head and shoulders (shown on chart), with a positive uptrend...
This stock already did x3 on the chart, do you need more, then you are greedy man. Take your profit at the end of the week, because this share 100% overbought. $TLRY did the same after IPO, if you believe that $BYND can do x10, you're crazy.
Support ~ $100
Resistance ~ $190
If you are thinking to enter and buy a several shares, think twice please.
No selling...
I posted an idea about pure momentum fig breakout trade a few days ago in Chinese version of TradingView.
It was an crazy 150.00 fig breakout to go straight to 186.00 in one day!
And here we got an inside day, which will make me very exciting about!
willing to try again if it's able to break to the upside yo!
Let's see how it goes!
PRETTY MUCH JUST PAY ATTENTION to the last 30 minutes and first 30 minutes, if ending in a wedged corner buy calls or shorts before close and sell at open. Rinse AND REPEAT
