Beyond Meat - BEAR trend into massive gap

15 ott 2019

Technical analysis

First earnings report (June 7th, 2019), which made BYND go up around 35%+ and create a big gap.
This gap is starting to get filled on a downtrend.

RSI(10) 27 - Remember oversold can continue to be oversold for a long time.


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Fundamental

• Impossible Foods, a direct competitor of Beyond Meat. Is selling burger to Burger King.
  
• Impossible Foods really resembles meat. Beyond meat is just a semi-decent veggie burger (in my opinion).