BYND - Trade the bounce
BYND successfully defended 87 area. This tells me that this is a short term bottom. My problem with the current structure is that I am still not confident on the current RSI levels. I think that it might dip near 81 before it bounces.
This is a buy below 87, stop below 76(or 81 depending on market conditions). Bounce target of 100. After the bounce, I'll count it as a lower high the I'll reshort. I am still not bullish on us equities.
This is a buy below 87, stop below 76(or 81 depending on market conditions). Bounce target of 100. After the bounce, I'll count it as a lower high the I'll reshort. I am still not bullish on us equities.
Trade closed: target reached
Bought at 92, I failed to consider the gap. Should have bought earlier. Profit is profit.
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