BYND - Chart Link- I still haven't scaled out
of any BYND, bought around 75 so it's a monster trade 15 points for
me. One could probably scale out of some though to lock in some
gains, otherwise there's a gap above I'm targeting
initially.
regarding BYND there's no RSI or MACD divergence on a 60 min
time frame, thus while it's a little overbought short term and may
pullback some here, this suggests the trend is healthy and should
continue higher even if a pullback occurs here soon
I sold some but I'm keeping a trailing piece
as far as setting stops based on higher lows, nothing on the
daily, on a 60 min time frame the last higher low is 81.16 which is
well above my entry from about 75, however that's still pretty wide
from curent price of 95, which may or may not be too wide for you
for a swing stop, your choice on that
BYND follow up
Posted by matt on 9th of Jan 2020 at 03:48 pm
BYND - Chart Link- I still haven't scaled out of any BYND, bought around 75 so it's a monster trade 15 points for me. One could probably scale out of some though to lock in some gains, otherwise there's a gap above I'm targeting initially.
Update: BYND follow up
Posted by matt on 10th of Jan 2020 at 09:37 am
BYND - Chart Link - BYND into that gap now, an area to start trimming some
Update: Update: BYND follow up
Posted by matt on 10th of Jan 2020 at 03:19 pm
BYND - Chart Link - filled that gap I was targeting. This should be a good buy again on a light volume pullback
regarding BYND there's no RSI
Posted by matt on 10th of Jan 2020 at 10:12 am
regarding BYND there's no RSI or MACD divergence on a 60 min time frame, thus while it's a little overbought short term and may pullback some here, this suggests the trend is healthy and should continue higher even if a pullback occurs here soon
I sold some but I'm keeping a trailing piece
as far as setting stops based on higher lows, nothing on the daily, on a 60 min time frame the last higher low is 81.16 which is well above my entry from about 75, however that's still pretty wide from curent price of 95, which may or may not be too wide for you for a swing stop, your choice on that
awesome!
Posted by morton7 on 10th of Jan 2020 at 09:38 am
awesome!