After closing the BYND long trade out for a 34% profit earlier today & reversing to a short at 107.40 shortly afterward, the BYND short/reversal trade hit the suggested stop of 110.00 for a relatively minor 2.4% loss with the odds that T1 and quite likely T2 will be hit if BYND closes back below 104.25 today.
BYND 60m 3 Jan 13th
Closing back below 104.25 today or tomorrow would increase the chances that this move above the 105ish resistance & bottom of the thin zone on the volume at price histogram (which is largely due to the big Oct 29th gap) will prove to be a momentum-fueled overshoot. Otherwise, the longer & higher BYND trades within that thin-zone, the greater the odds that it will be backfilled with the top of the zone coming in around 136.40-141.70.
I may revisit BYND for another trading opp. soon but as the max. suggested stop for this trade has been hit, it will now be moved to the Completed Trades archives along with the posts associated with the long trade on BYND that was closed out earlier today when the final price target was hit.