BYND: This beast had gone up 720%. Is it time to short? EW

Singkat

Beyond Meat, Inc. (NASDAQ:BYND)

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NASDAQ:BYND Beyond Meat, Inc.

Wave Analysis

waveanalysis

suggest yes.

Komen:

This thing dropped 12% today. Would have been a great short.

Komen:

Since I posted this, BYND has dropped $42 or about 19%. A ATM or NTM put would have yielded a profit close to $4K a contract. This would have been the easiest money. It coincide with the market selloff too. Unfortunately it is too obvious. Even experienced traders that I know didn’t want anything to do with shorting BYND. Too bullish they said!
Sigh!

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