SpinTrades

BYND over 147.25

Panjang
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.

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