1BYND trade ideas
BYND 8/24 to 9/4 Trading PlanBYND looks like it has been consolidating in between the 120-130 range again like it was back in July. Breaking above 130 and we'll see it push higher.
Resistance
Watch 135 minor resistance to continue higher to 142.
Support
On the downside breaking under 120 and we'll see a pullback down to 115's
Head and ShouldersDouble check me on this one
Short entry with this pattern would be when price closes below neckline in a strong downtrend
This pattern can be long in the making and you can have some relief rallies up from time to time.
I don't do the short thing, but if I did I would place my stop above 131.45
My targets would be: 91 to 83
T2: 61
Not a recommendation
$BYND Possible relief Rally Setting Up In Beyond Meat
Anchored VWAP Held as support once again.
7MA resistance on daily.
4hr chart showing some divergence so on watch for relief rally.
Alert set for break above VWAP
Beyond Meat - H&S or Falling Wedge?Just an Idea. Do not trade based on my Analysis. You've been warned.
For BYND there are two Possibilities, either it will break down or up. There are two patterns, a Head & Shoulders which is Bearish and also a Falling Wedge which is Bullish. Both pattern are not confirmed yet and also not invalidated, trade the Breakout, wait for Conformation.
Head & Shoulders
www.dailyfx.com
Falling Wedge
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BYND Beyond Meat is slowly making its way the buy zone. After the price reaches the box labeled "bounce zone" at around $100 which is wave 2 down. This will be the last time in a long time that the price will be in this region. Expect a powerful wave three for a price to rise to the $500's. There are some fundamental reasons that this stock should continue to rise as well but I don't trade on fundamentals. All the best.
BYND- Danger zoneShort it at the supply zone (132 to 140) and close the position at the target lvl coincides with SMA 200!
$BYND - For Long Position holders, Do not break 120-119 ! Good luck
Not for any advise
Just an Idea,
BYND Head and SHouldersBYND is about to break through its neckline at the 123 level. It has developed the head and shoulders pattern. I'm looking for this to fall to the 112 area.
SHORT: $BYND- currently correcting
- looking to open a long position at 100 area as long as there is an intra-day bullish divergence
BYND LOOKING BEARISHLooks a bit bearish to me, analyzing as I am interested in buying stocks for this
BYND Bounce Set up (Ascending Triangle)Follow up on previous BYND post!
BYND is forming the foundations of an ascending Triangle here. Earning were not bad, look at the Revenue! Take some off the table at $165, let the rest ride to $200!
OPENING: BYND AUGUST 21ST 110/185 SHORT STRANGLE... for a 4.18 credit.
Notes: Defined in the smaller, naked in the bigger.
Defined risk alternatives:
September 18th 105/115/180/190 iron condor, paying 3.51 (i.e., > 1/3rd the width of the wings) at the mid price as of the writing of this post. Some price discovery may be required on the four-legged, as it's bid 3.16/mid 3.51/ask 3.91, which isn't the tightest thing in the world.
The Vegan Hype Inc. :)So. The average price for this company is 110. It would ok to wait for a correction and buy from 130. I see a brake of some kind of ending diagonal but will wait for a correction to 130.
Let's sell some premium on BYND and make this marketMax Profit: $213.00
Max Loss: $788.00
Theta 8.89
Credit 2.14
P50% - 77%
Delta Neutral practically (2.11)
Vega (5.21)
Gamma (0.29)
Nice trade to put on to offset the /GC long spreads to balance out the portfolio
Bynd long postition openHello traders,
This post is a bit late after my opening. My apolagies for that.
on 31/07/2020 we opened up a long position in NASDAQ:BYND Opening at 122.91
BYND earnings report will be coming very soon and we have good faith here that the numbers will be good. Also coming from the support line a small hammer formed which I see as another good sign.
our stoploss is currently sitting at 119.
f you would like to see more of my trades in more detail I recently started an account on Etoro.
www.etoro.com
PS: I'm in no way an experienced trader, nor is this investing advice. I't is mainly just for me to keep a record of my charts and review them at a later time. Feel free to use the information as you like :)
Will Beyond Meat be eaten for lunch ?Read article here , here and here .
I am more conservative on its potential trajectory as the competition is intense in the meat category. Not only it has to fight with the traditional meal like Tyson Foods for distribution points, there are also competitors like Impossible Foods.
I am likely to give this a miss considering other opportunities that are safer, higher potential growth and not overvalued.
