(chart self-explanatory / lines and connections have been averaged with step-line over log for higher precision)
Note
To assess a trend-line's forward trajectory with only one peak can be done by linking the peak's two highest candle bodies:Note
T1 = 105 (and reversal)Note
Careful with BYND, the stock broke downward through two support levels. Next week will decide if the stock can remain a strong-buy or not.
Note
Looks like the bottom is around 70. Watch out for a rebound soon.
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Balance your trade or exit your long position in BYND, as the stock's creating consistent lower lows and broke pretty much all of the bullish indicators it had. I suggest waiting until it reaches $60.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.