Beyond Meat, Inc.Updated Beyond Meat
Still a relatively unstable stock in general of approximately 40 days of stability before a drastic change in price.
the stock is still trending downwards within the parallel band.
75 remains as a strong resistance line which can become a strong support line after a breakthrough. A confirmation of breakthrough out of the band will be a great indicator of upwards trend thereafter.
Daily & weekly MACD and RSI indicates an upward pressure but remains in the negative territory.
the stock is still trending downwards within the parallel band.
75 remains as a strong resistance line which can become a strong support line after a breakthrough. A confirmation of breakthrough out of the band will be a great indicator of upwards trend thereafter.
Daily & weekly MACD and RSI indicates an upward pressure but remains in the negative territory.
Note
Short Term trade: Short.
SL: $85
TP: $57
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Disclaimer
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.