[isatrader]

I have a question, i've just see the weekly breakout watchlist that contains BYND. I am already long on BYND with a small amount invested when it was at $90. Is now the time to buy more on Monday? I'm looking at the chart the volume is really good, it's very close to breaking the short term overhead resistance?

Or is my buy-in solely dependant on if it can break above the $135.

Technically it would be a breakout into Stage 2, which is why I've highlighted it in the watchlist, as there may be further opportunities to get in, and that is the official initial investor buy point. But with the broad market in Stage 4, investor entries should only be considered if they meet the A+ requirements. Which 95% or more of breakouts don't. 

So, I added it to the watchlist to keep an eye on, as I'd only personally consider getting in once there had been a period of consolidation (a month or more) or a pullback. As pullbacks will often retrace 50% of the recent advance, so you should never chase imo.  

Also in the short term it is extended after a huge move off the lows in a very short period, and it had a trader entry point on the 6th May with a breakout above the pivot cup and handle pivot level of 116.64. So that was the time to add if trading imo, as you need to consider the risk reward first always.

What would be good to see here, would be some further consolidation below the breakout level, or just above it for a number of weeks. As this would then give a better entry setup and the moving averages a chance to catch up a bit.