Two bowls on the BYND charts. Seems like a strong resistance point here. Earnings on the 4th August. Think we'll see a small rally to around $50 over next couple of weeks and earnings results will decide if we have a retracement back to $35 forming a inverse H&S of PT $90 or a rally onto $90 closing that gap.
Note
cup and handle formed for minor cup - ignore larger cup.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.