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BYND- Bullish continuation or distribution?
Beyond Meat, Inc.
BYND- Bullish continuation or distribution?
By Libratus
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Updated
Feb 26, 2020
6
Cheer
Cheer
Feb 10, 2020
Whether you like it or not, BYND is the first mover in the alternative meat industry.
There is just way too much upside and growth to be captured in this nascent industry.
Future trend toward green environment and sustainability will only push this industry higher.
Three scenarios-
#1. Test the local resistance one more time and break out of the bull flag pattern. Third time is the charm!
#2. Retrace first, then trapped shorts cover their shorts which propel the price higher. Swing long opportunity.
#3. Key support lvl broken. Long at the second key support lvl. Positional long opportunity.
Click like & follow me if you find my analysis useful. Much appreciated!
Feb 26, 2020
Trade closed: target reached
Target $108 reached! As long as BYND stays between $100-$108, then the price is safely within the buy zone.
Mar 2, 2020
Comment
Long term/positional buy entry hit!
beyondmeat
bullflags
BYND
Chart Patterns
continuation
distribution
firstmover
positionallong
Supply and Demand
swinglong
trappedtraders
Trend Analysis
Libratus
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