$Beyond Meat (BYND.US)$ BYND seems to be constantly rejected...
$Beyond Meat (BYND.US)$
BYND seems to be constantly rejected at 5EMA, this is very bearish signals that the stock has a huge number of shortist or sellers. I do not really understand the fundamental side of what happened as I did not do much research on BYND recent earnings report and only is looking based on technical analysis.
But those who are looking to add in positions for averaging down, do only average in at the support I mentioned as based on this current trend, it will very likely touch it first. Rebounding off there or not, is another question for another day when it reaches that price point.
As always, trade safe & invest wise!
BYND seems to be constantly rejected at 5EMA, this is very bearish signals that the stock has a huge number of shortist or sellers. I do not really understand the fundamental side of what happened as I did not do much research on BYND recent earnings report and only is looking based on technical analysis.
But those who are looking to add in positions for averaging down, do only average in at the support I mentioned as based on this current trend, it will very likely touch it first. Rebounding off there or not, is another question for another day when it reaches that price point.
As always, trade safe & invest wise!
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