Not beyond all hope but beyond a lot of hope (BYND) We look to Sell at 27.76 (stop at 29.59)

Not beyond all hope but beyond a lot of hope (BYND) We look to Sell at 27.76 (stop at 29.59)

Technical analysis
Signal Centre

Beyond Meat

Short Term

We look to Sell at 27.76 (stop at 29.59)

Further downside is expected and we prefer to set shorts in early trade. The medium term bias remains bearish . Previous resistance located at 28.50. There is scope for mild upward pressure at the open but we look for selling interest to resist gains.
Our profit targets will be 21.80 and 15.40

Resistance: 26.50 / 28.50 / 52.00
Support: 22.25 / 15.00 / 10.00

Source: TradingView
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