Join our Telegram channel (8000+ subscribers) for daily market analysis & trading tips: t.me/synapsetrading
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!