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Chart Update: Beyond Meat ($BYND)

Caleb Dismuke
Caleb Dismuke
1 min read

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.
POTENTIAL UPSIDE
Entry price $125.00
Stop $112.80
Target price $200.00
Reward/Risk 5.87 (59%⬆ vs. 10%⬇)

Recent news

The business of meatless meat
Nilay Patel talks with Beyond Meat founder and CEO Ethan Brown about what the company is focused on since its IPO in 2019 and how it is fairing during the pandemic.
Stocks to WatchTechnical Analysis

Caleb Dismuke

Enjoy writing, cooking, and brainstorming business ideas.