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swara7kadir

BYND Day Trade losing steam heading down hill !

Beyond Meat, Inc. (NASDAQ:BYND)  
swara7kadir Uppdaterad   
NASDAQ:BYND   Beyond Meat, Inc.
Support and Resistance Trend Lines
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supportandresistance trendline
BYND has been parabolic the last few days, it seems that its loosing steam and cooling off and maybe its time to head down instead of up ! If it gets below $150 previous high on daily chart, I would go Short until roughly $130 blue trendline drawn and last profit target being the $120 pivot low of previous candle. If it doesn't get below $150 then I probably won't touch it. Be careful though, the cost of borrowing shares is very high !
Kommentera:
premarket move is huge, its dipping hard !!! Maybe it will make most of the move premarket. In this case I wouldn't trade it.
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