While I would never even think of buying Beyond Meat as a product, it does look good as a trade.
Earnings yesterday setup a technical rally and a lot of shorts are getting squeezed out of positions. Technically, you can see that price has broken out of a fallen wedge.
The first target should be $22. Let's see if we can continue higher from there.
I've bought
11C and $15C for 3/15 to play this idea.
Earnings yesterday setup a technical rally and a lot of shorts are getting squeezed out of positions. Technically, you can see that price has broken out of a fallen wedge.
The first target should be $22. Let's see if we can continue higher from there.
I've bought
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Disclaimer
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.