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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!
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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.