BYND is fighting on 145 resistance and trying to break that. RSI is taking upward momentum and low volume is showing fewer folks are leaving this stock. This likes to go to the next resistance area 161-162. If it breaks that resistance and enters back the upward channel (blue dotted lines) then it has the potential to go all-time high. Only it has weak support around 171 area.
Strategy buys once its clear 145 area and hold it and take some profit around 161 area and keep rest to runner more. SL 133.33.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Strategy buys once its clear 145 area and hold it and take some profit around 161 area and keep rest to runner more. SL 133.33.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Comment:
This has a short float of around 25%. Squeez is coming. Let see how far this can go.