BYND is signaling a reversal LONG
BYND on the 15 minute chart has been in a VWAP band breakdown finally slowing down
with the ranging of the candles transitioning from wide body candles into ones more narrow.
Earnings were a very mild beat in the thick of the fall as apparently traders expected more.
The zero-lag MACD has crossed lines under a red histogram that flipped green. The dual time
frame RS Indicator shows low green TF and higher black TF low in the range but holding over
20-25. Relative to the fall of price this is hidden bullish divergence. My analysis is that
this is BYND at the near term bottom awaiting my long reversal trade. I will target 15.4 and
16.3 from the upside VWAP lines. If you are interested in my idea for a call option trade
please leave a comment. If you find the idea helpful please leave a like or even a follow.
with the ranging of the candles transitioning from wide body candles into ones more narrow.
Earnings were a very mild beat in the thick of the fall as apparently traders expected more.
The zero-lag MACD has crossed lines under a red histogram that flipped green. The dual time
frame RS Indicator shows low green TF and higher black TF low in the range but holding over
20-25. Relative to the fall of price this is hidden bullish divergence. My analysis is that
this is BYND at the near term bottom awaiting my long reversal trade. I will target 15.4 and
16.3 from the upside VWAP lines. If you are interested in my idea for a call option trade
please leave a comment. If you find the idea helpful please leave a like or even a follow.
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