One of the hottest stock this month at the market is Beyond Meat, which after an initial 1H Channel Up, skyrocketed to 186.00 before heavy speculators took the initial profits yesterday, making the price decline. 1H is approaching the neckline (120.90) of Head. This creates ideal short term buy conditions for a 150.00 target. The MA50 should provide support but...
BYND reported earnings with a wider loss in the first quarter of 2019 due to higher costs and expenses, but outstanding guidance for next year. Even bullish analysts have set price targets below the current market price of $135. JPMorgan is overweight with a $120 price target, Bernstein rates outperform with a $107 price target, Credit Suisse sets a price target...
I saw a post about a beyond meat chart floading around here and i wondered myself: where can bynd go, will it go anywhere? will it be a "bull" riding up until, where ? 100USD ? or will the bears kill it, not so vegan any longer, and drop down or stay in this position? only time will tell, i made a super fast chart idea with some green and red lines showing...