MannyLo

BYND - Pepsi Teaming Up

Long
NASDAQ:BYND   Beyond Meat, Inc
Great Day for BYND holders as BYND just announced a partnership with PepsiCo under an joint venture called PLANeT Partnership. Time will tell exactly how much of a market they can gain with their products so price moves like these can be attributed to shorts covering their positions as well the positive news.

TA:
If you check out our previous charts, we've been accumulating BYND all through the $113-$123 levels. We've seen constant support here for the previous 7 months. We set up stop losses at $203 and just under the bottom line of our parallel channel in purple. A solid +50% return on this one.

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Cheers!

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