Beyond Meat Looking For a New Support ZoneChecking back in with $BYND. If you've been following our Beyond Meat Analysis you'll see the level we've been buying at has been around that $125 mark. There has been a lot of activity in that zone and we finally got a break upwards through the resistance. We're expecting a bit of a pull back to find our new support level. If we find support on that previous resistance line in blue we're expecting a bullish continuation (possible cup and handle formation in the making) and our next target would be the $193 area. Happy Hunting and remember keep those stop losses on as the Vix is climbing and we're expecting to remain volatile until after the elections and waiting to see if we're hit with another Covid wave or not.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Feel free to give us a follow and shoot us a like for more analysis updates.
