Short and sweet here.
BYND is showing signs of consolidation and reversal. Investors with high risk tolerance can take a long position at this location with a stop-loss around ~$14, as this would indicate failure to truly reverse. The first true confirmation of reversal would be a break out of its channel established in September, with a close above around ~$17.20. Full confirmation of reversal occurs with a close above ~$20.50.
There are also various options strategies which can be executed on this play. Look to the February and march contracts at $17.50 and $20.00, respectively, and if pursuing a more aggressive / risky strategy consider a call debit spread to limit losses.
BYND is showing signs of consolidation and reversal. Investors with high risk tolerance can take a long position at this location with a stop-loss around ~$14, as this would indicate failure to truly reverse. The first true confirmation of reversal would be a break out of its channel established in September, with a close above around ~$17.20. Full confirmation of reversal occurs with a close above ~$20.50.
There are also various options strategies which can be executed on this play. Look to the February and march contracts at $17.50 and $20.00, respectively, and if pursuing a more aggressive / risky strategy consider a call debit spread to limit losses.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.