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!
One of the hottest stock this month at the market is Beyond Meat, which after an initial 1H Channel Up, skyrocketed to 186.00 before heavy speculators took the initial profits yesterday, making the price decline. 1H is approaching the neckline (120.90) of Head. This creates ideal short term buy conditions for a 150.00 target. The MA50 should provide support but...
I first wrote about very bullishly first about Beyond Meat Inc. (BYND)
here on tradingview.com in Mid May, soon after the companies
initial public offering, and the stock was up 300% from it's initial offering price
This week,on Thursday after the close,
Beyond Meat, the plant based meat company now taking the world by storm
released their first quarterly...
It has been quite a run for BYND since its IPO but there comes a point when such euphoria and fomo comes to a sudden end. When this happens do not be left holding on for the stock to go higher again, after a 300% move it could continue to burn the shorts, but remember this is a company that sells plant based meat alternatives. Why would well established food...
most likely. Overbought level would normalize with minimum decline then most likely go up further. Currently, bullish trend is pretty strong. One would speculate that there is a bubble forming with this stock, but that's too soon to tell. If it keep inflates, then maybe a bubble then. That doesn't mean it'll "crash" though. At least not until their next earnings.
Every couple decades, an IPO on Wall Street,
comes out, that is worth the extraordinary buildup.
Beyond Meat (BYND)
went public with 9.5 million shares at $25.00 a share
on May 2,2019, and in just two weeks of public trading,
the stock is up over 300%, last traded at $89.00 a share.
Their business model is based on the core principal idea
to replace animal fat...
BYND has been parabolic the last few days, it seems that its loosing steam and cooling off and maybe its time to head down instead of up ! If it gets below $150 previous high on daily chart, I would go Short until roughly $130 blue trendline drawn and last profit target being the $120 pivot low of previous candle. If it doesn't get below $150 then I probably won't...
Beyond Meat generated $30 million in losses just last year on
revenue of $88 million, and it will need to continue investing
in its operations in the near future. (The IPO raised about
$1.5 billion for the company at the IPO's $25 a share price.
Overvauled and in a bubble??
Now valued at about $5 billion based on investors' faith that
Trust me, Vegan is no good. This Beyond Meat will definitely ride to the top for a while. BUT!!!
We need meat~!!! Actual Meat!!
Expecting this BYND to long for a while and then drop below it's journey's starting point.
We love meat, and we love to beat the meat and eat the meat~!!
Beyond Meat--> the hype to that product the company is selling and also producing is amazing!
Also in Germany, it starts to increase in demand and supply. But what tells us the chart.
Here is my view. Let`s go.
Since the first day of trading, BYND increases a phenomenal percentage and it is on the way, to become a „ten-bagger“! We can observe at...