Beyond Meat (NASDAQ:BYND) stock is experiencing a rally on Tuesday, with investors hoping for a squeeze on the meat-alternative company's shares. With 25,356,827 shares shorted, that's roughly 40.97% of the company's float, NASDAQ:BYND has an outstanding short interest position of over 40% of the total float. This could be a sign that traders have added ...
Hi traders,
Turning our attention to Beyond Meat (BYND), we can see that it has formed a falling wedge
pattern over the past few weeks, signaling a potential bullish reversal.
Based on Beyond Meats recent performance and market sentiment, there are compelling
reasons to consider a long position in this stock.
Despite challenges in the market, Beyond Meat has...
Going bankrupt is always an option. This is purely a technical view. If it isn't going to zero, it certainly is looking interesting from an Elliott Wave point of view.
From 240$ to 6$ is quite the drop.
With the proposed count, the last wave 5 could be done or we might be in a last wave 4 before another push down.
Here's a count of the last wave, that would be...
Taking a look at beyond meat here
not so much a fan of the company but the TA doesn't care about that
setting up with a double bottom inside of this (sorta) Dragon pattern
price targets for this all depend on a breakout of the supply line.
come down significantly since earnings so grabbing long term calls here could turn out to be a solid play.
Analyzing the options chain and the chart patterns of BYND Beyond Meat prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $3.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Similar pattern setting up.
Long Thesis:
- Double bottom out of a broken downtrend
- HIGH SHORT FLOAT: 38%
- Market near all-time high
Could see a pop ahead of earnings, OR earnings could be the catalyst needed to turn this thing around. Market near ATH, plus high short float could see a nice short squeeze and rally.
Don't like the long-term downtrend, ton...
While I would never even think of buying Beyond Meat as a product, it does look good as a trade.
Earnings yesterday setup a technical rally and a lot of shorts are getting squeezed out of positions. Technically, you can see that price has broken out of a fallen wedge.
The first target should be $22. Let's see if we can continue higher from there.
I've bought ...
Beyond Meat Inc. (NASDAQ: NASDAQ:BYND ) has left investors reeling as its stock price skyrocketed a staggering 56% in premarket trading on Wednesday. The plant-based meat producer, once beleaguered by declining margins and waning consumer interest, has staged a remarkable comeback fueled by strategic pricing adjustments and aggressive cost-cutting...
BYND has hit my long term fib target and has pulled back to the 0.618 - 0.786 retracement that I have been waiting for.
Now with bullish divergence coming in and a strong impulse candle just printed, it looks ready to bounce and perhaps even this is the retracement bottom of the market.
If it is the bottom, this could be a very lucrative play in this stock that...
channel on daily, weekly has massive trendline break with consolidation
this thing can always run because of the high short interest. r/r looks okay here for a move back to blue line, but could also get a lot more silly with upside
beyond meat is dealing with a lot of internal things battling debt but based off of technical analysis it's due for a pop.
i'm currently holding calls out to 4/19/2024 no telling where it could go with volume but i can see it retesting $11.
theres a bigger player with preferred intel
that went heavy ahead of the earnings news
at 1bn cap. this is trading above intrinsic value
at 7.50 a share. price suggest something in STORE in the next 100 days
this company is preparing for the next 3 generation to stay healthy
and transition to a better diet
reminds me of VAPiNG back in 2009 that it took 6...
A lot of bias here that i wont divulge in, but super bullish on bynd. Hourly has nice cup and handle set up, im optimistic we see 11 this week if market momentum continues. Bynd is one catalyst away form 20$
This chart Study shows the recent price action.
Was way beaten down, and now reflects some optimism.
Does carry risk, but for those risky it could be still a good buy.
Oh. Smash that Rocket Button to show your appreciation for my chart study.
Regards Graham.
