The BYND (Beyond Meat Inc.) Active Long Swing Trade has just the third price target, T3 at 97.79, for a 25.3% gain in just 3 days. Consider booking partial or full profits and/or raising stops if holding out for the final target, T4 at 104.26. For those holding out for T4, the suggested stop will now be raised to 87.90 although there’s nothing wrong with using a more aggressive or trailing stop. Previous & updated 60-minute charts below. Click the first chart to expand, then click the arrow to advance to the next chart. Expanded charts can be panned & zoomed.
Although I think the odds are favorable that the recently added 4th & new final target will be hit soon, the chances of a decent reaction and potentially the end of the rally start to increase substantially from here and the R/R for adding to an existing position or taking a new long position (without a decent pullback first) is no longer favorable. As such, BYND will remain an Active Trade for now but will be removed from the Trade Setups category.