No of course not! Beyond Meat (BYND with a cup on its chart? Yes!
BYND has been in a downward trend since the beginning of the year. I discovered two factors that led me to believe that the stock will begin an upward trend.
1. Cup on the daily timeframe 2. Bullish Divergence
On a non-technical note, Beyond Meat recently announced that they expanded their distribution to 8,000+ stores.
Perhaps BYND will give us a handle within the next few days. I look forward to watching this stock go above and "beyond" the downtrend its been in.
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