There is a wolfe wave setup on the 195 min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 116 which is expected to reach this price target within approx 39 hours (195 min x 12).
After rise from 100 to 170 price is falling. As of 16.09 price broke out of a channel and is testing its previous prices, which also is 0.783 fib level. If it manages to break, fall to next fib level is possible.
-Wolfe wave triggered on multiple timeframes
-TTM Squeeze forming on Daily
-BYND is getting ready for a big move.
We bounced off of the 200 SMA perfectly and using it as a support.
7/16 155C @ 1.70
7/16 157.5C @ 1.38
During the next 2 months, the stock market will undergo a correction due to inflation fears. Beyond is a great company, however, this drive will cause the stock price to drop to the maximum possible retracement, .146 sitting at around ~$73/74. This is confluent to the bottom of the triangle.
The worst-case scenario is that we enter a bear market for some reason...
HI guys! We are trading BYND in a bull channel where we reached the bottom, with a nice 2 bottom formation( bull sign). Histogram on MACD looking good. Volume is drying (bull sign). SMI on weekly time frame entering the green zone. I think it`s a great opportunity to buy the stock for a period of 2-3 months. Also, BYND have strong new collaborations that can...
BYND bottom of the channel here watching for a reversal, possible bounce to long or we break and continue this downtrend, overvalued stock that will take a massive hit if the market continues to bleed.
Good opportunity to long this from current price. It has retraced to 0.618 Fibonacci and filled the gap after spiking a couple of weeks ago. This is a market that is only going to grow and Beyond Meat are probably the biggest name in it. target is at least the all time high at 239.71.
BYND... watching this for reversal, news with Impossible Foods (competitor) cutting prices has really intensified the plant based market competition driving bynd stock price down. Tough news from BYND to overcome but keep a look out for market changing news. Also with ER approaching next month this could be a bit early but from a TA standpoint its looking like a...
A lesson in over-reactions to positive news in the market, and BYND is no stranger to that.
I would exit this if you're long as the risk-reward on this shorter term isn't worth it.
Often times these announcements will pump the stock so high up that it creates a gap in the charts.
The gaps often need to fill to create healthy price structure. It's not ALWAYS the...
Another example of the power of swing trading. This was a range trade that was a loser tested the low end of the range, held range lows with rate of change divergence and reversed higher. After todays enormous move I am going to cut half the position but the trend is definitely still bullish.