BYND Trade on Nov 13, 2020 10:18 from spyrosz: Tradervue User Stock Trades.

Some awesome trading here.

Been trying to fade the name after the -25% on Day I (Earnings, 11/10), thinking that once the 14-20$ short float is done covering, BYND would roll over and see low 100s (daily gap fill $102.5-110)

Not #1 idea for the day, but I had it on a screen.
Got really interested in the name when I saw the complete change in character from previous days. Instead of the strong opening drive higher like it did the last three days, today it collapsed $4 in the open from $130 to the 200SMAdaily=$126. That caught my attention.

Waited patiently for a retracement to higher prices since it was too extended in larger timeframes (>15min chart) for it to push lower breaking significant support S3=$125.
When it finally pushed higher to S2=yesterday's LOD=$127 & VWAP,

got short filler, risking tight stop $127.5s, thinking that this would need more time to consolidate before it attempted to break S3=$125, so I would be able to find better spots to add size.

Covered small at the 1st flush towards S3=$125. BYND held support and bounced back right into S2 & VWAP.

Started getting bigger into the short, risking same stop $127.5s, as it was forming a nice desc. triangle on top of S3, and a picture perfect "Bearish Bias - Hold. Resistance + DTSB" overall pattern.

Scalped it perfectly a couple of times covering some in-front of $125.5s, reshorting in-front of VWAP.

Shorted two momo tiers, when it finally started holding below VWAP w/o any more leaks to higher prices, expecting to clear S3=$125 and move lower to S4=YTD AVWAP=$123.

Broke S3 and sold-off right into target.
Covered position on the way down to S4.

Nice bounce from S4 back to S3 and a quick scalp (rejection of S3, now resistance) to end the day.

Held very small size targeting $120-122 in the next few days, stop at $126.

Right on. Thanks.