SpinTrades

BYND over 147.25

Long
NASDAQ:BYND   Beyond Meat, Inc.
A few things to note here. First, the .5 fib is from a set from all time low to high, so its a big level for price to base over. Second, the way the Bollinger Bands are pinching down means there's decreased volatility meaning 1. Cheaper contracts 2. Decreased periods of volatility precede high volatility, more indication a big move is coming. Third, Ichimoku clouds are a tool I’m still studying. But the confluence of the fib and cloud at the 155.38 mean it will be a stiff resistance level. Once over the cloud will be a bullish signal and can see higher.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.