$BYND Beyond Meat not everyone likes meat and the stock riseWithout a doubt, what in the eyes of many meat lovers could seem like a company with no future is gaining more and more acceptance.
Food without meat content is now widespread all over the world with characteristics similar to the traditional corresponding.
The company Beyond Meat that deals with these earns consensus and the title seems to want to go up and up again.
The Miracle Viewer indicator that tries to identify interests on the part of the big players signals us thanks to the Market Miracle advisor a growing interest on the part of institutions and corporations.
It generated an input signal at 152.39 price with a target of 163.46 or a possible profit of 7.2%.
Analyzing the stock seems to have the momentum necessary to make the climb, maybe it will not start immediately but because of the market sentiment not properly positive.
I still expect a price action similar to the one described maybe with a little more time before starting to climb.
I decided to take a position on the title.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
Vegetarian
Tattooed Chef Inc - Outbreak ALERT - Bullish for 2021 - Hey fellow Traders,
first of all i wish everyone a succesful and happy new year, may your dreams come true!
Now lets get back to business, today i´d like to talk about NASDAQ:TTCF
As we already saw it was forming an strong resistance at the 24 ish level , but we could finally manage to break that with good volume coming through and positive newsflow.
What does this mean for future investors?
So it would be a very healthy and good sign to turn the previous resistance level into a new support line.
Also it signals us that the stock is ready to move higher to the next targets.
But letme give you some reasons we are bullish going long into 2021:
Incredibly well positioned in such a fast growing market.
Vertically integrated company = from designing the to growing and packaging - everything comes from one hand.
38 Current SKUs in market, 62 by end 2021.Competitor BYND for example only has 9 SKUs.
2 Billion AD Impressions in 2021.
First huge marketing campaing will happen this year with the agency NitroC.
Expansion to Mexico and Europe is about to start.
More than 17% held by Institutions which will only increase by time.
Profit margin more than 20% which will only increase.
Already in the 4 biggest US retailers
Target and Walmart tests are outperforming.
Category sales are up huge.
Analyst coverage promised soon.
Fiesty CEO & Highly Innovative with Sarah.
Sells through Q4 was said to have been incredible.
Media coverage through Cramer on CNBC , Youtubers and Blogger talking about this stock.
Introduced to Puplix,Kroker , 7 Eleven and dozen more.
I could continue this list like forever but i want to encorouge you guys to do your own research.
Investing is always invvolved with a risk of loosing your capital , so this is no investment recomendation at all. Just my personal opinion.
You will soon realize this is the start of something big, and they haven´t even been paying dividends yet.
This could be a hold forevere stock if things play out as planned.
If you like this idea please feel free to leave a comment or follow , it would be greatly appreciated.
Greetings,
Sebastian
Beyond Meat - BEAR trend into massive gapTechnical analysis
First earnings report (June 7th, 2019), which made BYND go up around 35%+ and create a big gap.
This gap is starting to get filled on a downtrend.
RSI(10) @27 - Remember oversold can continue to be oversold for a long time.
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Fundamental
Impossible Foods, a direct competitor of Beyond Meat. Is selling burger to Burger King.
Impossible Foods really resembles meat. Beyond meat is just a semi-decent veggie burger (in my opinion).