Post-IPO Beyond Meat is losing steam here as trader's grip with reality of fake meat market share size and the caution of sell warnings from analysts. From a technical outlook, a head and shoulders pattern doesn't get more textbook than what we are seeing now. The right shoulder could accelerate downward from here as the reliable daily psar trigger flashes a sell. I would like to see heavy sell candles breaking through the neckline ($135) down to a target of $100 in the next month.
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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.