Investors pulled out after the locking period expired, which led to a price fall of 70% while the fundamentals are good. From a technical perspective, the RSI shows bullish divergence which is a sign of a possible reversal.
Aggressive entry: Accumulate the stock between $65 - $83 range.
Conservative entry: Until price moves above the yellow 21 moving average and a break of the $83 level.
Positive fundamentals
- Beyond Meat has many partners like McDonalds and KFC, recently they added Costco.
- Climate change, the market for plant-based diets will increase as people recognize the issues with meat-based products.
Negative
- The competition will increase, the are many competitors entering the market
The idea should be revisited until the price moves below $65
Aggressive entry: Accumulate the stock between $65 - $83 range.
Conservative entry: Until price moves above the yellow 21 moving average and a break of the $83 level.
Positive fundamentals
- Beyond Meat has many partners like McDonalds and KFC, recently they added Costco.
- Climate change, the market for plant-based diets will increase as people recognize the issues with meat-based products.
Negative
- The competition will increase, the are many competitors entering the market
The idea should be revisited until the price moves below $65
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.