Opportunity for long on BYND
BYND moved a significant amount this morning based on news. It has however pulled back which is expected in a bearish bat pattern. It is also struggling to hold the 50 day MA. However, it is likely to attempt the previous high at 102 if continues its progress.
Note
After an incredible rally, BYND is back to the same level as Thursday's close indicating a possible start of a downtrend. However a bullish shark pattern has appeared making this a possible entry for long.
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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.