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John-Knee

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John-Knee

Re: slimhere post# 1492

Wednesday, 08/05/2020 4:16:21 PM

Wednesday, August 05, 2020 4:16:21 PM

Post# of 1808
BYND reduced the prices of their products in the retail stores to compete with traditional beef, which in my opinion hurt their overall revenues in order to gain market share. The gamble didn’t work well, as initially thought.

As a member said a few messages back, a technical pattern of H&S is visibly seen on the daily chart, price tried to break the pattern but failed. I am still on the sideline after today’s decline, as I see further selling pressures.

I use both Fundamental and Technical Analysis.
Opinions posted by me are just that, my opinion.
Buy/sell any type of financial security is the sole
decision of the individual. Make your own sound
judgement or consult a professional licensed
advisor.

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