Beyond Meat stock (BYND) should go to the Yearly R1 pivot @ $195, by the end of this year. YP to Yr1= textbook trade! Yearly pivots show us in advance, where to add and reduce risk.
CHARTBLOG
IBM so far in 2020, the Yr1 pivot point is the high, and the Ys2 pivot is the low. Ys1 should now be support and the YP should be now resistance.
The S&P 500 index failed at the Yearly R1 pivot point(YR1). I am looking for it to come down to the Yearly Pivot(YP) @ 2974 or the 50% yearly fibonacci retracement @ 2890.
Intel Corp. stock (INTC) fell hard after their last earnings call. The Yearly S1 pivot caught the fall and created a buying opportunity. Looking to take some profits at the Yearly Pivot(YP) @ $54. Ys1 to YP. Pivots show me in adavnce where to add & reduce risk.