BYND (Beyond Meat Inc.) will trigger a buy signal on a solid break and/or daily close above this minor downtrend line. The primary downtrend line & the marked price levels are all potential price targets with a second & potentially more powerful buy signal to come if & when the primary (upper-most) downtrend line & intersecting 16.60ish price resistance is taken out (that’s also the first price target zone where a reaction is likely if/when BYND breaks out above the minor TL/wedge pattern). Stops should be based on one’s entry price & preferred price target(s), ideally using a 2:1 or better R/R. Daily chart below.
BYND daily June 5th