OrnusOfficial

BYND Ascending Triangle Formation

Long
NASDAQ:BYND   Beyond Meat, Inc.
A simple analysis on BYND. The past few weeks have formed a bit of an ascending triangle that has a price target around $230. Yesterday we broke above the upper bound resistance of the ascending triangle and I think we will follow the green path from here. If the yellow line ends up being the upper bound resistance of the triangle due to the previous resistance formed in the blue circle, then the price action may end up following something along the orange arrow path.
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