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malteseinvestor

@malteseinvest

, 5 tweets, 3 min read

Analysis: #NASDAQ: #BYND

Case 26 #Beyond Meat, Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

BYND 1/5

Beyond Meat is a very young stock with little information. Most upside moves are quickly met with strong selling pressure. Caution should be applied whilst trading it. A break/close below the all time low @ 45.00 targets 32.80 then further down $10.00.

BYND 2/5

Chart 1
Daily Chart: Multiple resistances can be seen all the way up. A unfilled gap 97.85-85.61 has just formed and once filled price should eventually continue to trend lower.

BYND 3/5

Chart 2
Daily Chart: #Fibs of the swing low. Next immediate target is 72.34

BYND 4/5

Chart 3
Daily Chart: The #Strategy - printed in the image.

BYND 5/5

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