Retesting post earnings low this week, attracting some attention. At Monday’s low down 42% from 2020 highs. Weekly MACD now back to neutral after reaching extremely overbought levels back in early October.
We consider BYND a fairly low risk buy near current levels. A close below $113.00 would be a clear warning sign that a more drawn out basing pattern will be needed before shares can regain their footing.
Long BYND.
