Beyond Meat, Inc.
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Rising Wedge Support and Hidden Bullish Divergence on MACD |BYND

BYND has had some volatile movements this year, but generally trending upward. The entire year, BYND has been trading in a beautiful rising wedge. The support trend line has seen three reversals (mid-march, start-april, start-september) and the resistance trend line has seen three reversals as well (mid-jan, mid-jun, mid-oct). After the mid October reversal BYND has lost 28% of its value in a steep decline and has now arrived at the support trend line. If BYND would find support here, a hidden bullish confirmation will occur and BYND will likely reverse to the upside with a 40% growth potential before reaching the resistance trend line.

Please be aware of upcoming earnings at November 9th!

İşlem aktif
BYND has seen a nice reversal of the support line. Trade is active!

Potential resistance/profit taking level:
* 167.16 - highs of mid jun peak
İşlem kapandı: durdurma seviyesi
Earnings blew everything off the table
Not
If you were holding this stock overnight on earnings-call, you could consider holding on.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.