BYND has hit my long term fib target and has pulled back to the 0.618 - 0.786 retracement that I have been waiting for.
Now with bullish divergence coming in and a strong impulse candle just printed, it looks ready to bounce and perhaps even this is the retracement bottom of the market.
If it is the bottom, this could be a very lucrative play in this stock that has had a devastating bear market.
May pull back here as it is hitting the 4H 50MA, but if it can break through then we may see a big bounce.
This stock is becoming quite big in the UK; their products in major chain supermarkets and pubs.
They have Kim Kardashian advertising it so we'll see - it may go on to do big things and have wild bull markets.
Not advice.
Now with bullish divergence coming in and a strong impulse candle just printed, it looks ready to bounce and perhaps even this is the retracement bottom of the market.
If it is the bottom, this could be a very lucrative play in this stock that has had a devastating bear market.
May pull back here as it is hitting the 4H 50MA, but if it can break through then we may see a big bounce.
This stock is becoming quite big in the UK; their products in major chain supermarkets and pubs.
They have Kim Kardashian advertising it so we'll see - it may go on to do big things and have wild bull markets.
Not advice.
Note
This is also a great stock to sell puts on. For example I have sold the March monthly $6 strike OTM put and at current price if put to me at expiry I would own it for $5.19 which is below the market bottom.Note
Log 2.272 reverse extension with 2.414 overshoot ratio has captured the low.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.