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Beyond Meat – Will there be a second wave of purchases ?! – columns

The paper of the US meat substitute manufacturer has been presenting itself since the annual lows of around USD 100 Beyond Meat extremely friendly and rose to USD 155 in an initial wave of purchases. The share is currently consolidating downwards, but from a technical point of view, a second upward price increase is still missing.

A look at the superordinate course of the chart reveals very high volatility in the security Beyond Meat realize that over the course of a year it rose from $ 48.18 to a high of $ 221.00. The paper later settled in the range between 100.00 and the highs mentioned. The last significant setback to US $ 99.86 threatened to activate a larger sell-signal, but this was again averted by buyers with a significant increase in value to US $ 154.40. However, after the general technical counting algorithm of a 1-2-3 recovery, there is still a second major buying wave missing, which can certainly be used for a long investment.

This is where the bull is stepping

For a short time it could be in the Beyond Meat– The stock will go down again if the bottom around the EMA 200 is not held. An increase above 155.00 US dollars would support the thesis of a further wave of purchases initially in the area of ​​169.76 US dollars and above even at 183.75 US dollars. This would create a harmonious and balanced chart image. Bearish, on the other hand, would be a slide below the 50-day average at $ 127.18. In this case, discounts could even come to 110.00 US dollars, so that the price gaps that were recently torn should be closed completely.

  • Resistors: $ 154.40 / 162.78 / 169.76 / 176.70 / 182.00 / $ 203.44
  • Supports: $ 143.36 / 134.80 / 132.13 / 127.18 / 124.00 / $ 120.00

Beyond Meat in US dollars in the daily chart; 1 candle = 1 day (logical candle chart display)

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Observation period: October 16, 2020 – June 2, 2021. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de/underlying/US08862E1091

Beyond Meat in US dollars in the weekly chart; 1 candle = 1 week (log. Candle chart display)

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Observation period: May 6, 2019 – June 2, 2021. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de/underlying/US08862E1091

Investment opportunities

Call warrant on Beyond Meat for speculation on the stock’s surge

Underlying WKN Selling price in EUR Base price in US dollars omega Last valuation day
Beyond Meat HR69V0 2.07 150.00 3.19 December 15, 2021
Beyond Meat HR69UW 0.74 190.00 4.71 15.09.2021
Source: HypoVereinsbank onemarkets; Status: 03.06.2020; 2:03 pm

Put warrant on Beyond Meat for speculation on the stock’s loss

Underlying WKN Selling price in EUR Base price in US dollars omega Last valuation day
Beyond Meat HR69VG 2.00 130.00 -1.93 06/15/2022
Beyond Meat HR69V3 0.67 100.00 -2.85 December 15, 2021
Source: HypoVereinsbank onemarkets; Status: 03.06.2020; 2:05 pm

More products on Beyond Meat and other underlyings can be found at: www.onemarkets.de

Cashback trading – when the issuer pays my order fees!

Place orders as usual through your broker or bank. Activate cashback via the Cashbuzz website. Get a credit of up to 50 euros per trade (for trades from 1,000 euros) up to a maximum of 1,000 euros per month. More information at: www.onemarkets.de/cashback

Please note the important information and the disclaimer.

This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus that has been approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus should not be understood as a recommendation to purchase these UniCredit Bank AG securities. Only the prospectus including any supplements is relevant and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities when making an investment decision. You are about to acquire a product that is not easy and can be difficult to understand.

How the HVB products work

The article Beyond Meat – Will there be a second wave of purchases ?! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

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