Beyond Meat WEEKLY uptrend opportunity based On 1.00 Lot Calculation:
- Beyond Meat is a global vertically integrated food company specializing in plant-based meat products. It sells multiple brands including but not limited to Beyond Meat, Beyond Meatballs, Beyond Sausage, Beyond Chicken, Beyond Fried Chicken, and Beyond Pork. It sells its products to restaurants, supermarkets, and directly.
- Beyond Meat’s market is not just vegetarians. It also includes people who want to eat less meat for health reasons.
- Event: Beyond Meat is scheduled to release its 4th quarter earnings on Thursday, February 25th, after the market closes. They are expected to lose 13.3 cents per share and have revenue over $104 million. Beyond Meat has beat the earnings estimates 5 of the last 7 quarters and outperformed the revenue figures 6 of the last 7 quarters.
- Beyond Meat is expanding its international operations. It is building factories in China. Pork has become very expensive in China after 60% of its pigs were lost to swine fever.
- Beyond Meat has partnerships with multiple nationally recognized restaurant operators including but not limited to Kentucky Fried Chicken, Subway, Blue Apron, and Carl’s Jr.
Beyond Meat, (#BEYONDMEAT). February 23, 2021
Current Price: 143.00
|
BEYONDMEAT |
Weekly |
|
Trend direction |
|
|
181.00 |
|
|
169.00 |
|
|
155.00 |
|
|
133.00 |
|
|
123.00 |
|
|
113.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
BEYONDMEAT |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
38,000.00 |
26,000.00 |
12,000.00 |
-10,000.00 |
-20,000.00 |
-30,000.00 |
|
Profit or loss in €** |
31,298.39 |
21,414.69 |
9,883.70 |
-8,236.42 |
-16,472.84 |
-24,709.25 |
|
Profit or loss in £** |
27,014.73 |
18,483.76 |
8,530.97 |
-7,109.14 |
-14,218.28 |
-21,327.42 |
|
Profit or loss in C$** |
48,009.20 |
32,848.40 |
15,160.80 |
-12,634.00 |
-25,268.00 |
-37,902.00 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 14:56 (GMT) 23/02/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details