BYND - Could Be A Bounce Or A Bottom

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.

Komen:

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.

Komen:

Log 2.272 reverse extension with 2.414 overshoot ratio has captured the low.