Beyond Meat (BYND): Breakout from Accumulation!

I first posted about Beyond Meat (NASDAQ: BYND) in my free Telegram channel when I spotted an accumulation pattern in the price action, followed by a successful breakout.

The next few days, prices continued to surge, making us very decent profits for this trade.

Now, let’s take a look at the current price chart.

Prices are still a bit volatile, and although the medium-term trend looks bullish, we can expect choppy movements.

The next earnings announcement is on 5 Feb 2020, which is pretty soon.

I will continue monitoring this stock for more trading opportunities, and post my analysis in my Telegram channel.

See you on the inside!

ALL YOU NEED TO KNOW ABOUT TRADING!

Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.