BYND Long off technical + upcoming earnings potential
Similar pattern setting up.
Long Thesis:
- Double bottom out of a broken downtrend
- HIGH SHORT FLOAT: 38%
- Market near all-time high
Could see a pop ahead of earnings, OR earnings could be the catalyst needed to turn this thing around. Market near ATH, plus high short float could see a nice short squeeze and rally.
Don't like the long-term downtrend, ton of bag holders on the way up.
Trade closed: target reached
Popped into previous Support turned Resistance. Took position off
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