One of the hottest stock this month at the market is Beyond Meat
, which after an initial 1H Channel Up, skyrocketed to 186.00 before heavy speculators took the initial profits yesterday, making the price decline. 1H is approaching the neckline (120.90) of Head. This creates ideal short term buy conditions for a 150.00 target. The MA50 should provide support but can be also marginally breached. In this case the target should be set even higher (170.00).
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