Beyond Meat (BYND): Breakout from Accumulation!

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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.

Beyond Meat 250120 1

 

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

Beyond Meat 250120 3

 

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

Beyond Meat 250120 3

 

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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