BYND (Beyond Meat Inc.) looks poised to rally on a breakout above the downtrend line and/or the 79.52 resistance level just above it. At this point, it appears to me that a breakout is imminent & although it could prove to be premature, I am going to go ahead and add BYND as an Active Long Swing Trade around current levels although more conventional/conservative traders might opt to wait for a solid break and/or daily close above the downtrend line and/or the 79.52 resistance level.
BYND 60m Jan 7th
The price targets are T1 at 84.78, T2 at 90.33 & T3 at 97.79. The suggested stop is 73.20 & the suggest beta-adjusted position size for this trade is 0.85 (85% or so of a typical position size) to account for the above-average gain/loss potential & volatility of this stock.