Chart Patterns & Algorithmic Trader (Aug. 24, '20) (58)
BYND Head & Shoulders Pattern
s
Reviewed in CPAT 8/17/20
Beyond Meat Inc (BYND) is trading in a H&S Pattern on its daily chart. A
short entry is entered when price closes below the neckline with a strong
down trend. Enter a short trade below $120.32 and place a stop above
$131.41 ($-11.09). Targets are placed from $91.4 to $83.5 in target1 zone and
from $60.8 to $44.4 in target2 zone.
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