BYND has broken out of its most recent log fib resistances. Thinking we'll see a slight correction next week. ( 15% ish ) which will also keep RSI below overbought for a while, whilst still maintaining bullish sentiment, retracement back to pink level, would form a H&S style pattern with the log chart saying target at the gap to fill.
Be wary of their earnings coming up, have a tendency to miss on EPS due to R&D expenditures. Typically next quarter produces record revenue and am hoping for 160mil+. They estimate rev minimum of 550mil. Produced 110mil last quarter so need 440mil in next three q's.
Red Fib target likely to be touched over next two trading days - highly resistant as this was IPO price.
Apologies for the currency in GBP. Wanted a new chart without deleting old ones.
Be wary of their earnings coming up, have a tendency to miss on EPS due to R&D expenditures. Typically next quarter produces record revenue and am hoping for 160mil+. They estimate rev minimum of 550mil. Produced 110mil last quarter so need 440mil in next three q's.
Red Fib target likely to be touched over next two trading days - highly resistant as this was IPO price.
Apologies for the currency in GBP. Wanted a new chart without deleting old ones.
Commentaire:
Retracement back to pink fib level - next bound incoming