Going long on BYND, price has bottomed out after the sell off following IPO. Beyond turned their first Qrtly profit in Oct.
My considerations though, lay predominately with Market interest, globally.
A quick trend analysis on google shows that globally "Vegan" or "Veganism", is at an all time high. Demand for meat alternatives are growing, whatever the motivation.
Education is leading people become more health conscious. A vegan burger is a good way to add some extra vegetables into a normal diet, without actually going vegan.
These are the market targets for Vegan products, not to turn Carnivores into Vegans, but to provide an additional option to a person's chosen diet. This strategy allows for better mainstream adoption.
Going to ride the demand wave for this one.
My considerations though, lay predominately with Market interest, globally.
A quick trend analysis on google shows that globally "Vegan" or "Veganism", is at an all time high. Demand for meat alternatives are growing, whatever the motivation.
Education is leading people become more health conscious. A vegan burger is a good way to add some extra vegetables into a normal diet, without actually going vegan.
These are the market targets for Vegan products, not to turn Carnivores into Vegans, but to provide an additional option to a person's chosen diet. This strategy allows for better mainstream adoption.
Going to ride the demand wave for this one.
Note
Price Action rejected at 38.2 Fib. - might be a good time to lock in some profits and see if price can rebound off the support below. 
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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.