What's up guys, checking back in with BYND since out last analysis about 4 weeks ago.
BYND & Impossible Foods have both been trying to win over McDonalds for a while now. What just sparked the stock breakout out of the wedge, was that Impossible Foods CEO Pat Brown told Reuters that the company is working to more than double production at the moment instead of...
Technical analysis
First earnings report (June 7th, 2019), which made BYND go up around 35%+ and create a big gap.
This gap is starting to get filled on a downtrend.
RSI(10) @27 - Remember oversold can continue to be oversold for a long time.
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Fundamental
Impossible Foods, a direct competitor of Beyond Meat. Is selling burger to Burger...
