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OrnusOfficial
Sep 3, 2019 12:08 AM

BYND H&S Pattern Forming 

Beyond Meat, Inc.NASDAQ

Description

Simple H&S Pattern forming on the BYND chart with the right shoulder getting ready to complete the pattern. We should see a price rise to around $200 in the week or so and then a drop back down to around $124. If the price strongly breaks above the $200 right shoulder target, then the H&S pattern will be invalid. Also if the pattern strongly breaks below the yellow trendline in place then the pattern will also be invalid for a full H&S. MACD also had a bullish crossover recently and RSI is at a low compared to the historical RSI values. Money to be made in both directions for this H&S pattern holding over the next few weeks.
Comments
PayneMax
Lockup agreement on shares expires 29.October.
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