We first wrote about Beyond Meat on November 12th. After a brief rally, the stock is again testing support at $120.
👉The blue-dotted horizontal line is Beyond Meat's current price.
Beyond Meat ($BYND) | Alternative Proteins
- Currently, Beyond Meat is holding the $120 support level. If $120 fails, look for a fall to $80. If it holds, I'm looking for a move to $200.
- Position? Yes. I initiated a position today. My average cost is $127.29. I'll exit with a weekly close below $112.80.
|Reward/Risk||5.87 (59%⬆ vs. 10%⬇)|