Potential resistance break in play, bit more to go to be confirmed but the technicals are supportive. A strong breakout here will align to my road map that targets a retrace rally to about the $80 mark.
Price is declining. Trend is changing.
You cannot sell this market to open is still IG's mantra.
There is little doubt that Beyond Meat attracted speculative capital. There is no doubt that Beyond Meat's valuation was absurd on any metric. I would like someone to convince me otherwise. I mean it is a loss making company which is not any closer to profitability yet the valuation was insane.
Just imagine if Beyond Meat could be shorted! What do you think would happen to the price? Hmmmm!
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