Beyond Meat
Updated
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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