Investors pulled out after the locking period expired, which led to a price fall of 70% while the fundamentals are good. From a technical perspective, the RSI shows bullish divergence which is a sign of a possible reversal.
Aggressive entry: Accumulate the stock between $65 - $83 range.
Conservative entry: Until price moves above the yellow 21 moving average and a break of the $83 level.
Positive fundamentals
- Beyond Meat has many partners like McDonalds and KFC, recently they added Costco.
- Climate change, the market for plant-based diets will increase as people recognize the issues with meat-based products.
Negative
- The competition will increase, the are many competitors entering the market
The idea should be revisited until the price moves below $65
Aggressive entry: Accumulate the stock between $65 - $83 range.
Conservative entry: Until price moves above the yellow 21 moving average and a break of the $83 level.
Positive fundamentals
- Beyond Meat has many partners like McDonalds and KFC, recently they added Costco.
- Climate change, the market for plant-based diets will increase as people recognize the issues with meat-based products.
Negative
- The competition will increase, the are many competitors entering the market
The idea should be revisited until the price moves below $65
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.
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.