BYNDBeyond Meat,
One of the most shorted stock in the US market.
It is clear the had difficulties to ramp up the production and to expand their business, still waiting the beyond burger at McDonalds.
BYND has a quite interesting chart pattern.
• A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks.
• Stock is going to catch up the ema 200
• Orderly consolidation with higher lows & tightening range:
• RDM, VCP
• Stocks surfs the rising EMA 10 or the EMA 20, and sometimes the EMA 50
• Volumes are significative compared to previous phase
• Volumes are strong
I would like to watch a breakout with strong volumes show some short sellers covering their positions.
The Company is not dead , the tide seems rising !!!
