Beyond Meat will be huge in the coming years IMO as the transition from us humans eating meat as our primary source of protien will ultimatly be made harder and most likly very expensive (check W H O there plenty of documents on agenda 2030 to go with what im saying)
Alternatives/subtritutes to actual meat should see the growth as it becomes the norm, weve already seen in 2022 beyond meat in mcdonalds and other fast food chains and also in most of the big name supermarkets across the globe.
Like other risk on asset BYND has alos seen a 90+% rejection from all time highs, during these high is when beyond meat launched, it was when the partnerships with mcdonalds was seen and also when we started to see it on tv and shelves in these stores.
Anyone who listens to what i talk about will know price moves before the news and during the time above price was getting ready to reject with very clean bearish reversal pattern (check chart below) during which retial investers and the majority of traders who follow retial logic was buying into this asset beliveing it will rocket on launch, this is how these big banks and intituions get paid by drawing in the hurd and shitting down their necks.
What we do in here we change that, we take from the cherry at the very top and filter it all the way down.!!!!
Long term hold and buying here at $16 with the potential of us seeing BYND above $150 in the near future.
First level of resistance here is $33 breaker, once we recliam this we can most defiently be comftable with " the bottom is in" and we sit back and watch.
Also note we may see two draws on liquidty at $54/$74 with a possible correction after, here we can add to our postion.
Alternatives/subtritutes to actual meat should see the growth as it becomes the norm, weve already seen in 2022 beyond meat in mcdonalds and other fast food chains and also in most of the big name supermarkets across the globe.
Like other risk on asset BYND has alos seen a 90+% rejection from all time highs, during these high is when beyond meat launched, it was when the partnerships with mcdonalds was seen and also when we started to see it on tv and shelves in these stores.
Anyone who listens to what i talk about will know price moves before the news and during the time above price was getting ready to reject with very clean bearish reversal pattern (check chart below) during which retial investers and the majority of traders who follow retial logic was buying into this asset beliveing it will rocket on launch, this is how these big banks and intituions get paid by drawing in the hurd and shitting down their necks.
What we do in here we change that, we take from the cherry at the very top and filter it all the way down.!!!!
Long term hold and buying here at $16 with the potential of us seeing BYND above $150 in the near future.
First level of resistance here is $33 breaker, once we recliam this we can most defiently be comftable with " the bottom is in" and we sit back and watch.
Also note we may see two draws on liquidty at $54/$74 with a possible correction after, here we can add to our postion.