I Love Me Some Beyond Burger

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Beyond Meat is a growth story, so it trades like a technology stock. When they reported their fourth quarter sales of $98.5 million, the number exceeded the highest analyst projection and helped push full-year revenue beyond expectations to $297.9 million. In addition, Beyond Meat also forecasted 2020 sales of $490 million to $510 million, also topping estimates.

Then there was news about Beyond Meat’s product being available in China through Starbucks. Beyond Meat CEO Ethan Brown had been talking about expansion in China for many months and how COVID-19 wasn’t going to derail those plans.

However, this past week, JP Morgan downgraded the company. The stock has had a nice run this year and in this video I talk about my love for Beyond Meat burgers and the best levels to take some type of action.

https://www.businessinsider.com/is-beyond-meat-healthy-nutritionists-say-yes-on-occasion-2019-6

https://www.marketwatch.com/story/beyond-meat-downgraded-at-jpmorgan-as-impossible-foods-snaps-up-share-11600440889#:~:text=Beyond%20Meat%20and%20Impossible%20Foods,number%20of%20plant%2Dbased%20brands&text=Beyond%20Meat%20Inc.'s%20stock,biggest%20competitor%2C%20Impossible%20Foods%20Inc.

MY TRADING METHODOLOGY IN A NUTSHELL BELOW

I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

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