Thanks for the note

Simply posting the setup based on the technical posture (setup) of the stock. Didn’t do any DD on it but I’d imagine short interest is elevated based on how much the stock has fallen & especially since not participating the rally. Just an untriggered trade setup now but quite a bit of upside potential if the buy signal is triggered & price targets hit.

Not to be rude, but that’s what Randy’s counting on I guess (with those big upward arrows;) ). Any short covering will most likely be sold into.

Check out another stock – WISH. I wouldn’t be surprised to see bullish divergences on the daily, weekly, monthly or quarterly charts. Just like bynd it makes no $$, is hurt hard by inflation, is working hard to remain afloat and had been a darling for the bears. Every minor rally ( and it got a few) was heavily sold and the divergences just continued on and on ( we’ve seen something similar with another one on Randy’s favorites – UNG). I see bynd going the same way…. UNLESS.. all beef other processing plants catch fire! My take on bynd – sell every rip.

The only thing that could give BYND a decent bounce is some short-covering of it’s 43% short float. Otherwise, with this stock trading 600x trailing P/E and 5,000x forward, big negative cash flow and operating margin, and with the Beyond Meat hype a thing of the past, I agree: there is nothing to be bullish about BYND from a fundamental perspective.

i think it would be reasonable play between minor and major TL. but I doubt we go back to old highs until all the beef processing plants catch fire by accident……