Beyond Meat, much like Amazon has also created a rising wedge pattern with bearish RSI and MACD divergences, meaning it is making subsequently higher highs with less and less strength. I expect this to fall significantly. Many of the so-called "meme" and other popular stocks have taken on this look.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.