BYND UpdateSo my pennant wasn't correct last week, it actually formed a much bigger one. As you can see, it's overbought on the hourly, so probably a bear trap dip this afternoon and possibly tomorrow. Things like to back test the pennant before breaking out so a down day won't surprise me but I would not short this stock.
Rather wait for the breakout and go long. Target appears to be gap resistance from earnings, $85.
Of course everyone knows this garbage can get there in a hurry with a short squeeze, so it may happen as early as tomorrow, lol. Might be worth a day trade. Keep an eye on it tomorrow.