BYND Stock 08/03/21 Analysis 4H ChartNASDAQ:BYND (Beyond Meat: BYND)
- Trend Analysis -
📑Value: 0/20
📈Growth: 18/20
💰Profitability: 6/20
🚀Momentum: 14/20
💸Earnings: 6/20
🖇️Total Score: 44/100
BYND
BYND - Bounce soon?BYND watching for a bounce from here.
Perfect touch of the weekly demand zone and hard bounce on 3/5, leaving a hammer candle to close Friday.
Also filled daily gap at same level.
Stoch oversold.
Also Held the important $135 level.
27 days down this reversal would be 'on time'
A Large long fib setup first traded in November 2020 with target at 232.74 and is still intact.
Formed weekly demand zone after double bottom and bounced.
BYND announced a partnership with Pepsi, massive gap up and then the sold it all the way
back down to the weekly supply zone, with earnings along the way.
Ideally looking for a gap up monday 3/8 to confirm
BYND bottom of the channelBYND 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.
BYND has activated a second impulse to $231 +35%Beyond the meat has activated a second impulse with potential target price of $231, +35% from current price.
Beyond Meat has Retraced, Long From HereGood 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.
Nokia is a legit buy Hi everyone.
Wall street bets has put a few long forgotten stocks back into the public eye. Nokia in particular stands out. They make it clear that they are not done. Net sales in 2020 was 21.9 billion Euros while their market cap is only 20 billion. In the past two decades, Nokia has invested 129 billion Euros into R&D. Nokia has licensed out the right to their phone designs and refocused their vision on 5G. They have over 3,000 5G patents! With 155 years in business, "Nokia has found and nurtured success over the years in a range of industrial sectors including cable, paper products, rubber boots, tires, televisions and mobile phones". Obviously they have a niche for adapting to the times.
NOK is fundamentally undervalued.
We also must consider the nostalgic value. I always loved my Nokia phone because of how basic it is. And when I dropped it, it would explode into a few little pieces, absorbing any shocking force that could do some real damage. It would never break! Unfortunately, the only reason I can't still use this phone is because of PLANNED OBSOLESCENCE: the chip in my new phone is a different shape. And I know for a fact that the chip hardware has not changed. Would you like to know how I know that? When upgrading my phone a couple years back, the employee at Best Buy simply took the bigger chip out of my old phone, pulled out his special CHIP RESHAPER and stamped my old chip into the shape of a new, smaller one. This is the only factor holding me back from using my brick phone.
Lastly, peep the high trading volume at the lows!
See you diamond hands on the rocket moon!
Overreactions Lead To Opposite Reactions...A lesson in over-reactions to positive news in the market, and BYND is no stranger to that.
I would exit this if you're long as the risk-reward on this shorter term isn't worth it.
Often times these announcements will pump the stock so high up that it creates a gap in the charts.
The gaps often need to fill to create healthy price structure. It's not ALWAYS the case, but it tends to happen. Traders know it, and that's why it happens.
Other technical indicators are screaming overbought. Daily candle with along upper wick is normally bearish, as is being over 70 on the RSI and Stochastic RSI.
BYND update... gap filled and Falling wedge breakout?BYND... watching this for reversal, news with Impossible Foods (competitor) cutting prices has really intensified the plant based market competition driving bynd stock price down. Tough news from BYND to overcome but keep a look out for market changing news. Also with ER approaching next month this could be a bit early but from a TA standpoint its looking like a nice dip buy. Also keep in mind we are in the middle of my channel with room to run either way.
And so we begin. round two anyone PT 17ish back to 14ish then 20battling thru the shorts... why would you short a life changing company like BNGO?... i think in this case it is to accumulate it. either way you can't keep her down. Science always wins.
BYND at great position to keep the UPTRENDThe stock: NASDAQ:BYND , that only few months ago consider IPO, came to our life as a money maker after it makes 300% only by 30 days of trading.
Since then, this stock moved a lot, and I think its finnaly arrive to place we can try predict its futere according to the last movments.
As I see it now:
1. BEND moved twice to break the all time high, both of time Its come down perfectly according to FIbonaci, and started return up.
2. The last movment stoped near the 200 $ , witch is symbolic price, and I can defently see resistance there.
3 the stop price is very near to the current price, and we can also see that in the last few days the stock kept being above that support level.
For this trade, I would buy with half of the buing power I usually does,
after 10 percent of movment I will join the other half.
my take profit will be around 200$ , witch let me leave with almost 40% up.
Of course, trading this stock is by our own risk.
I am not responsiable for any lose that this stock can make you.
Keep trading well.
BYND - Pepsi Teaming UpGreat Day for BYND holders as BYND just announced a partnership with PepsiCo under an joint venture called PLANeT Partnership. Time will tell exactly how much of a market they can gain with their products so price moves like these can be attributed to shorts covering their positions as well the positive news.
TA:
If you check out our previous charts, we've been accumulating BYND all through the $113-$123 levels. We've seen constant support here for the previous 7 months. We set up stop losses at $203 and just under the bottom line of our parallel channel in purple. A solid +50% return on this one.
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Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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VRYYF - THE VERY GOOD FOOD COMPANYUnderdog coming after BYND. If we breakout - lights out and dont make me say i told you so
What a move..?It was 14.70 2 days ago when I called to buy for this 25 stock portfolio of the week..!
You judge..!
I believe it could goes up and experiences new all times high soon, next target: 240
BYND mad to BYND happy #stocksAnother example of the power of swing trading. This was a range trade that was a loser tested the low end of the range, held range lows with rate of change divergence and reversed higher. After todays enormous move I am going to cut half the position but the trend is definitely still bullish.
BYND Fighting to ResistanceBYND is fighting on 145 resistance and trying to break that. RSI is taking upward momentum and low volume is showing fewer folks are leaving this stock. This likes to go to the next resistance area 161-162. If it breaks that resistance and enters back the upward channel (blue dotted lines) then it has the potential to go all-time high. Only it has weak support around 171 area.
Strategy buys once its clear 145 area and hold it and take some profit around 161 area and keep rest to runner more. SL 133.33.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
BYND trading perfectly to the technicals. Quick 20% profit.On the January 14th post, it ran into the resistance after breaking out of the wedge. I put out one of the two scenarios. Breaking though the resistance and going up til the next target or quick pull back to the support level and breaking out. It pulled back perfectly and defended the support and today finally advancing to the short term target. Quick 20% profit.
Have a good trade everyone,
T.
