Beyond Meat Breakout Continues
- Beyond Meat is set to benefit from the current breakdown in the traditional meat supply chain and ongoing shortages.
- Technically we have broken out of its downtrend and now managed to hold this breakout for a consecutive days. Price is technically overbought and it's likely to consolidate at these levels. This is noted in Connor's RSI momentum now rolling over.
- We see the up sloping Median line as a logical target - although a big focus will be on the Beyond's ability to grow revenue to justify these levels.
- Overall with a global focus on Climate Change thematic investing and more generally on sustainability, Beyond is well placed to continue a growth trajectory. It has a solid product offering and is gaining traction globally.
- Technically we have broken out of its downtrend and now managed to hold this breakout for a consecutive days. Price is technically overbought and it's likely to consolidate at these levels. This is noted in Connor's RSI momentum now rolling over.
- We see the up sloping Median line as a logical target - although a big focus will be on the Beyond's ability to grow revenue to justify these levels.
- Overall with a global focus on Climate Change thematic investing and more generally on sustainability, Beyond is well placed to continue a growth trajectory. It has a solid product offering and is gaining traction globally.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.