SP500 may bounce and retest the 3960, but i dont care about it.
Cuz BYND has its own trend, i hope it will move up to 13.5-14.0 level as market bounce
bearish both on daily and weekly chart.
One reason i dont like is when ppl can not afford cheap real beef as cpi blast, who will buy the high price beef made by vegetables?
Beyond Meat - 30d expiry - We look to Sell at 16.18 (stop at 17.45)
The primary trend remains bearish.
This stock has seen poor sales growth.
Price action continued to range between key support & resistance (12 - 16) and we expect this to continue.
Preferred trade is to sell into rallies.
16 continues to hold back the bulls.
The bias is to break to the...
Whats The Plan/Trade/Thought
BYND does alternative meat (beef). During an inflation period with interest hikes. I believe the company will get hit by more expensive loans and consumers will move to cheaper meat alternatives like chicken
Risk Mitigation
I see 16.51 as my indicator that my direction is wrong and I should exit
Can You Trade The Opposite Side...
Classic bullish diamond formation. Should mean that the price will go up, but there's no reason for that to happen other than due to a squeeze which could happen as the stock is at 148% borrow fee at the moment.
On the other hand, BYND's financials are bad and the market may be about to go in bear mode which would instead support the move down.
The correct move...
Beyond Meat - 30d expiry - We look to Sell at 16.18 (stop at 17.45)
The primary trend remains bearish.
This stock has seen poor sales growth.
Price action continued to range between key support & resistance (12 - 16) and we expect this to continue.
Preferred trade is to sell into rallies.
16 continues to hold back the bulls.
The bias is to break to the...
BYND is sitting at key support line (green).
If the support line holds - price will go re-test the orange line above and try to breakthrough.
If the support line fails - price will go down to test the orange line below for support. If the orange line holds as support - the green line will become resistance.
There are no doubts that BYND is going nowhere! But why?
It's worth mentioning that they had a first wave of layoff (~40) in August, followed by second wave that happened yesterday. Yesterday more than half (words say 75%) of R&D department were notified virtually that they no longer work for BYND. Company has been struggling with cash flow for months, words on...
Keeping it short and simple. Temporarily removed all indicators, just trendlines and Support/Resistance.
Oversold, pushing upwards, will stabilize a little before the monthly close. Quick 20% is our goal here.
For the meme lords: 39% Float Shorted.
Disclaimer:
I personally am a non-believer of the company. BYND is an absolute shitshow + retarded management so...
Prepared for a brief presentation. Beyond outperforming to the upside and also outperforming to the downside. Kellogg staying steady while paying a dividend. Plant-based meat category considerations.
This stupid Vegan company is extremely undervalued at the moment,trading almost close to 0$,as it should be, however sentimental and fundamental analysis as well as tinfoil experts claim that meat replacements efforts will be made.
-Bill G has bought the majority of US' farmland, why is that?
Anyways you see my point. Longterm, this piece of shit might be worth...
Hello friends.
Beyond Meat has become a stock with very asymmetrical risk and reward. The downside is only another $14.50, but the upside could be much larger.
One could say that the stock has "Deep Fucking Value".
Meme Stock Status
BYND is certified to be one of the significant meme stocks retail speculators purchased in droves for a mind-numbingly retarded...
NASDAQ:BYND
Still in early stages but currently showing bullish signs. On weekly chart a bullish divergence is showing on RSI while Stochastic is getting closer to resetting. Potential 116% gain from current $24.24 price. Waiting for wedge/pennant pattern confirmation on daily / weekly.
Messy chart but lots of indicators providing confluence for a quick bounce back to the top of this summer's range
Targets $32, $38
SL ~$21-$22 for leveraged trades, ~$18 if buying spot
