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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.