To Infinity and Beyond (Meat)? We look to Buy at 60.97 (stop at 55.50)

To Infinity and Beyond (Meat)? We look to Buy at 60.97 (stop at 55.50)

Signal Centre

Beyond Meat - Short Term - We look to Buy at 60.97 (stop at 55.50)

Previous support located at 60.00. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move higher. This provides an excellent risk/reward opportunity to fade the current bearish move.

Our profit targets will be 85.29 and 94.12

Resistance: 
90.00 / 100.00 / 115.00
Support:
 60.00 / 50.00 / 45.00

Source: TradingView
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