TK0421

BYND trading perfectly to the technicals. Quick 20% profit.

Long
NASDAQ:BYND   BEYOND MEAT INC
On the January 14th post, it ran into the resistance after breaking out of the wedge . I put out one of the two scenarios. Breaking though the resistance and going up til the next target or quick pull back to the support level and breaking out. It pulled back perfectly and defended the support and today finally advancing to the short term target. Quick 20% profit.

Have a good trade everyone,

T.
Comment: It's a perfect bull flag.
Comment: Shot up another 20% on news.

Interesting to note is closing below pink purple trend line. Is it time to turn around and short? Something to consider...

Comments

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