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Beyond Meat, Inc.
Long

BYND BEYOND MEAT INC

By RomanTraderMD
Updated
HI guys! We are trading BYND in a bull channel where we reached the bottom, with a nice 2 bottom formation( bull sign). Histogram on MACD looking good. Volume is drying (bull sign). SMI on weekly time frame entering the green zone. I think it`s a great opportunity to buy the stock for a period of 2-3 months. Also, BYND have strong new collaborations that can influence the price action sooner or later in a bull run.
Note
Targets 160, 180, 240 $
Note
On a weekly time frame also, we can observe the abandoned baby candle (bull sign)
BYNDbyndearningsbyndmeatbyndsetupbyndstockChart PatternsTechnical IndicatorsTrend Analysis
RomanTraderMD
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