It’s always nice to start the week with a decent winner. This little trade on BYND wasn’t the greatest setup (although there was a kind of triangles-within-a-triangle thing going on, which was interesting). Anyway, when it went, it went with a short sharp move that gave up a nice profit:
The volume bars tell the story here. This broke upwards with tons of volume to keep pushing it. And then it ran out of steam just as quickly.
Taking the easy middle netted just shy of a grand. As is often the case with these kinds of moves, there was a bit more to be had late morning, but it was nowhere near as convincing. There was better stuff to trade elsewhere, including the-stock-that-shall-not-be-named.