While I would never even think of buying Beyond Meat as a product, it does look good as a trade.
Earnings yesterday setup a technical rally and a lot of shorts are getting squeezed out of positions. Technically, you can see that price has broken out of a fallen wedge.
The first target should be $22. Let's see if we can continue higher from there.
I've bought ...
Beyond Meat Inc. (NASDAQ: NASDAQ:BYND ) has left investors reeling as its stock price skyrocketed a staggering 56% in premarket trading on Wednesday. The plant-based meat producer, once beleaguered by declining margins and waning consumer interest, has staged a remarkable comeback fueled by strategic pricing adjustments and aggressive cost-cutting...
Hi Guys! This is a Technical Analysis on Beyond Meat (BYND) on the 3 Day Timeframe.
I believe we are in the process of forming an Inverse Head & Shoulders Pattern.
Currently in the process of solidfying the Right Shoulder.
Which i believe will/ can take couple weeks to form before rallying past neckline.
So far every part of this pattern has been...
Hi Guys! This is a Technical Analysis on Beyond Meat (BYND) on the 3 Day Timeframe.
Ive been following BYND for a long time, trying my best to scope out a BOTTOM. This is an UPDATE to my ongoing analysis. So check out my other charts below for more context.
**Note: Our Current Candle has just begun today 08/14/23 and will close on 08/17/23
We were doing well...
It's two scenarios for beyond meat ,
1) start from $19-$20 for $37 and then down to this area again , it's terminal pattern and it's gonna reach above $200
2) if it's start from $19-$20 and break 37 , it will go to $160 dollar , it's triangle
Beyond Meat
Short Term
We look to Sell at 21.99 (stop at 23.88)
Further downside is expected and we prefer to set shorts in early trade. The medium term bias remains bearish. Trades with a bearish descending triangle formation. A break of the short-term upward trending support at 22.00 should encourage selling.
Our profit targets will be 17.18 and 13.30...
Beyond Meat - Short Term - We look to Buy at 60.97 (stop at 55.50)
Previous support located at 60.00. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move higher. This provides an excellent risk/reward opportunity to fade the current bearish move.
Our profit targets will be 85.29 and 94.12
Resistance: ...
During the next 2 months, the stock market will undergo a correction due to inflation fears. Beyond is a great company, however, this drive will cause the stock price to drop to the maximum possible retracement, .146 sitting at around ~$73/74. This is confluent to the bottom of the triangle.
The worst-case scenario is that we enter a bear market for some reason...
BYND bottom of the channel here watching for a reversal, possible bounce to long or we break and continue this downtrend, overvalued stock that will take a massive hit if the market continues to bleed.
Good opportunity to long this from current price. It has retraced to 0.618 Fibonacci and filled the gap after spiking a couple of weeks ago. This is a market that is only going to grow and Beyond Meat are probably the biggest name in it. target is at least the all time high at 239.71.
BYND sitting at the bottom of my channel and getting close to breaking that downtrend resistance line to signal a reversal also volume starting to increase if this continues we could see a nice run up
My buy zone and targets for BYND. If it can break above the first target then i think it can reach target 2 else i think it could still down trend the the $100 range.
(Not financial advice)
We may see a bit of a correction back toward 133 before we see a pump to $150. This channel is strong & should hold support.
Contract I'm looking at
- BYND CALL $150 5/29 @ $365 Per Contract
Do not trade this you will lose money.
DotcomJack | Easy Loot Trading
Beyond Meat was already coming down when some dude ate a bat. The amount further it dropped, is not by very much in comparison to where it was already. It seems like BYND could be positively effected by the new normal. More young investors trying to save the world. Any who last time we got here from the bottom- we blasted through $100 and did not look back. I...
