4BYND trade ideas
BEYOND MEAT, Above and Beyond $BYNDThere is a big freaking triangle forming on the #BYND price chart... can be bearish.. but can rocket if the right news is issued in the next week.
Price has been squeezing for a while now, will be released sooner than later, direction is hard to predict though.
High profitable trade, with tight stop loss under the below structure.
PT1:140
PT2:150
PT3: if Beyond defeats the COVID ->165
STOP: 120
Give at least 7 days to play the scenario out.
BYND: EW count indicates Wave 3 startedQuick EW count of BYND indicates an price has started a wave 3 of some degree. The corresponding wave 1 contains an extended wave 1 of a lesser degree that goes from about $48 to $147.
Blue line is low price, black line is closing price, and red line is high price.
BYND: Buy at 142.61 with profit target at 208.95BYND, Beyond Meat, could have a potential Flat Base breakout next week. On 08/27 there was a potential gap up buy but it closed below the 50DMA, which is a sign of weakness. It is now making another attempt to close above the 50DMA then the 10WMA. If the price holds above the moving averages level and consolidates a bit there is a potential buy next week at 142.61. Then the next level to watch would be a close above 167.26. If the price does close above 167.26 then the volume better be at least 50% or else that would be a sell.
The fundamentals are looking great. Sales and EPS are both increase and top fund like Federated Herm Kaufmann Small Cap (FKASX) owns it too.
Yearly EPS
2017: -.51
2018: -.49
2019: .04
2020: .10 estimated
2021: .60 estimated
Sales Quarterly Increase
Sep-19: +250%
Dec-19: +213%
Mar-20: +141%
Jun-20: +69%
BYND - 9/18 150 callsThe box on RSI shows a double dip of the 7-day RSI. 14-day has not touched the 50 line but the higher open this week is a good indication.
On daily chart price has consolidated after a $100 move up and seems to be taking support off 100-day MA.
$BYND Beyond Meat On verge Of Breakout Above AVWAP
Potential long on break above Anchored VWAP @ $139
Upside target $146
Strong point of supportGood strong point of support that was tested multiple times in the area of 124 (highlighted in green). I wont go in the trade yet because it gapped up on the 27th, I may be long on options if it pulls back to the gap (at least back to 127)
🍔 BYND (8/31-(9/4) 🍔 BYND
Bullish above 131, PT @134, 137, and 138.3 (resistance)
Bearish under 129, PT @125.50, 123.70, and 122.30 (support)
BYND signaled a little while back and finally looking decentBYND has a target at $162. It's looking pretty decent here for a run. May not hit if it runs here. Could take another leg up before closing the books on this signal. Ready to trim on a spike and rebuy on a dip. this is like learning to surf the market waves lol
BYND Possible Wave 5 (2hr time frame)Possible completion of Wave 1-4...setting up wave 5.
2 hr time frame (short term) : Target 140
Long term Elliott Wave still in play...
(not financial advice)
BYND Possible wave 3Possible wave 1 and wave 2 complete...wave 3 targets : 199, 217, 248
stop loss : 118
(not financial advice)
BYND: Potential Inverse Head & ShouldersPotential Inverse Head & Shoulders
Please don't forget to FOLLOW , LIKE and COMMENT ...
If you like my analysis:)
TP 1 = 135.89
TP 2 = 143.60
Beyond Meat: Moon bound?Published the wrong chart that didn’t properly depict accumulation in previous idea. This chart shows accumulation as a pennant.
BYND might have completed a long-term accumulation phase depicted by the blue pennant and finished an EW wave 1 of some lesser degree. I’ve based the Fib levels on the possible wave 1. If valid, price will target $270.
$BYND BUY 195$Current Price 125.52$
Target Price: Medium term - 154.59
% Increase: 22%
Timeframe: October 16
Confidence Level: High
BYND. Buy Long CallsConsolidation period almost at the end of its phase. We shall start seeing a slow uptick momentum starting next week. $200 price target by late November. Good luck!
$BYND Beyond Meat Breakout Imminent
As per the chart we see a significant break in the coming days, the stock has failed to rally as the market has hit all time highs, so caution needed by longs.
Beyond Meat basic observationBYND has really liked this channel in its overall price history. I'm looking for a bounce and a move back out of the channel, if the bounce doesn't occur and this moves to the bottom of the channel I'll look for a short when the channel is broken. I will be looking to go long or short based on how the price responds over the next couple of weeks to this area. Setting 3 different alerts and I'll be looking as using at the money options for 2 months out on my entry when I see it.
