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alexfeng

BYND Beyond meat retrace at least 50% from recent high to .618

Short
Beyond Meat, Inc. (NASDAQ:BYND)  
alexfeng  
NASDAQ:BYND   Beyond Meat, Inc.
Trend Analysis Wave Analysis BYND
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trendanalysis waveanalysis bynd
After topping at $200, BYND meat looks like its currently correcting after a parabolic raise completing 5 waves up. I think it will pause at a 50% retracement at around $122, which corresponds with the 55 EMA on a 4hr chart. I then think it will dip lower still until it hits around $100, which is the .618 retracement and golden pocket. Potential long opportunity at $100 psychological level.
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