$BYND can rise in the next daysContextual immersion trading strategy idea.
Beyond Meat, Inc., a food company, engages in the provision of revolutionary plant-based meats in the United States and internationally.
The share price rose after announcing a new distribution deal with China.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $155,27;
stop-loss — $148,56.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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