Bull and bear scenarios on the chart
As of now the picture is clear: Biden wins, Republicans retain Senate = 3 T stimulus is gone.
Trump won't accept the election results- Plan B and Plan C are already in place to retain power.
Either way, the markets are at a pivotal intersection, sharp moves are underway.
Risk what you can lose ... it can go either way
Expect BYND to bounce from 0.5 fib level and form an ABC correction during market volatility period before continuing to the upside target on the chart
Set stop loss limit and re-enter once the correction is completed and ride the impulsive wave!
There will be no stimulus deal before the election- Pelosi won't hand that card on a golden plate to Trump before the election, period!
If Trump wins- continuation of bubble to a new ATH
If Biden wins- election will be contested due to mail-in voting fraud and riots will engulf everywhere until the situation gets under control.
This is only one of...
At current stock price, the P/E is extremely inflated above 70 !
SEDG has no reason to be trading at these prices whatsoever, once the last impulsive wave #5 is completed, the sell will come like a tsunami!
Good luck to bag holders!