Swear to god BYND can be the best stock for this year. Meat shortage+some fundamentals, it'll reach $300 soon with or without this whole COVID 19 issue.
Weekly outside bar has successfully formed.
Never too late to long this stock. Trust me.
Beyond meat, and let's beat the meat
This week may mark a retrace for the market, but the core issue with liquidity is still remain unsolved. Fed can't just QE on everything or copied the solution we had back in 08.
I'm still prefer another dump in the coming weeks, targeting hard on 1800ish
Based on the PA of UWT and DWT, oil price may pull back up in the next couple days. Again, pull back doesn't means trend reversal
I'd put some money in UWT while its still cheap.
Tight Stop and we do have a good potential RR ratio.
We successfully closed above some critical MAs and the market may try to recover by the next 2-4 weeks, expecting a re-short around 3000ish see charts.
The whole PA looks like what happened back in 1987, but everything has changed in the past 30 years, I believe the bears hasn't show its full strength yet.