BYND - High Tight Flag - 2021-01-25
BYND Trade Summary
Performance metrics and trade details for BYND breakout.
- Stage
- Catalyst
- Risk
- None%
- Gain %
- None%
- Trade Duration
- 0 days
- Market Condition
- Market Cap
- $NoneB
- Shares Float
- NoneM
- Entry
- Stop
- Exit
- About
BYND Bull Flag Trade – January 2021:
- Pattern Formation: Formed a 5-day bull flag at the end of January.
- Breakout: Broke out on January 25th with high volume.
- Entry: Near $140 at the breakout.
- Reversal Signal: The next day, the stock gapped up but sold off, forming a big downside reversal.
- Exit: Closing the position around $187 at the end of the reversal day.
- Gain: A quick 30% profit in just two days.
This trade demonstrates the power of short-term momentum trading while emphasizing the importance of recognizing reversal signals for timely exits.
Before Breakout Daily
After Breakout
