Beyond meat reversal

١٢ مايو ٢٠٢٢

There's a potential reversal on BYND. We've hit a solid support now but are still yet to overcome the resistance. If resistance is overcome I can see the 50s happening again and perhaps a retracement to resistance forming a H&S.
They dropped 25% on earnings and rallied +10% intraday. Reported 110 mil and maintain 590mil avg yearly rev. That means BYND think the next three quarters will have an avg of 160mil rev - this is record rev.