Beyond meat reversal
There's a potential reversal on BYND. We've hit a solid support now but are still yet to overcome the resistance. If resistance is overcome I can see the 50s happening again and perhaps a retracement to resistance forming a H&S.
They dropped 25% on earnings and rallied +10% intraday. Reported 110 mil and maintain 590mil avg yearly rev. That means BYND think the next three quarters will have an avg of 160mil rev - this is record rev.
They dropped 25% on earnings and rallied +10% intraday. Reported 110 mil and maintain 590mil avg yearly rev. That means BYND think the next three quarters will have an avg of 160mil rev - this is record rev.
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