Beyond Meat (BYND) is below its 1D MA50 (blue trend-line) but unlike the previous break on August 19 2022, it is reversing to re-test it as a Resistance. If successful, it will be the first step towards a major bullish break-out.
The long-term Resistance is the June 30 2021 Lower Highs trend-line, basically the trend-line that started from the most recent peak. At the same time, the price hasn't closed a 1D candle above the 1D MA200 (orange trend-line) since July 02 2021. This is the Resistance Cluster we should be looking for. A closing above those (also the 0.236 Fibonacci level is there) will be the major buy signal on the long-term that will start targeting the Fibonacci retracement levels one by one.
Who even eats this poison? You vill own nothing, eat z bugs and z fake meat…and be happy!
Clapidos
⋅
@Patl66 well since meat is overconsumed the technology should do something to reduce it. so here is beyond. I'm not vegan or vegetarian, I mention this just in case you're gonna call me a vegan who complains. even flour is going to be replaced from cricket flour. because crickets need 90% less water than starch.
Chartguru1
⋅
@Clapidos, booom! Damn you took that jab and dropped the right hook after. Ko in 1st round Kudos