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ChichKing

BYND Long off technical + upcoming earnings potential

Lång
Beyond Meat, Inc. (BATS:BYND)  
ChichKing Uppdaterad   
BATS:BYND   Beyond Meat, Inc.
Trend Lines Double Top or Bottom Earnings
3
1
trendline doubletoporbottom earnings
snapshot

Similar pattern setting up.

Long Thesis:
- Double bottom out of a broken downtrend
- HIGH SHORT FLOAT: 38%
- Market near all-time high

Could see a pop ahead of earnings, OR earnings could be the catalyst needed to turn this thing around. Market near ATH, plus high short float could see a nice short squeeze and rally.

Don't like the long-term downtrend, ton of bag holders on the way up.
Trade stängt: målet nått:
Popped into previous Support turned Resistance. Took position off
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