Beyond Meat, Inc.Viés de alta
BYND supported by bullish trendline, short squeeze is imminent
Atualizado
1) Uptrend is supported by bullish trend line. If the trend line is maintained, expect the price to be $182 minimum by 7/19/2019.
2) $159 resistance was broken at market open 7/10/2019. Next major resistance point seems to be at $165.
3) Higher stock price and increasing borrow rates is causing a short squeeze which can skyrocket the stock to ~$220.
Credit to u/MikeThePutz on reddit for the following information: S3 is reporting that: "BYND short interest is $885 mm; 5.61 mm shares shorted; 47.88% of float; 142% borrow fee & new borrows at over 300% fee. There is very little left to borrow & recalls are still hitting the street." Additionally, his calls to brokers have revealed increasing borrow rates which are key to triggering a massive short squeeze: "In my calls to brokers I have found borrow rates creeping up from 106% on Friday, to 126% on Monday to 153% yesterday (with a range of 106-197% yesterday)."
2) $159 resistance was broken at market open 7/10/2019. Next major resistance point seems to be at $165.
3) Higher stock price and increasing borrow rates is causing a short squeeze which can skyrocket the stock to ~$220.
Credit to u/MikeThePutz on reddit for the following information: S3 is reporting that: "BYND short interest is $885 mm; 5.61 mm shares shorted; 47.88% of float; 142% borrow fee & new borrows at over 300% fee. There is very little left to borrow & recalls are still hitting the street." Additionally, his calls to brokers have revealed increasing borrow rates which are key to triggering a massive short squeeze: "In my calls to brokers I have found borrow rates creeping up from 106% on Friday, to 126% on Monday to 153% yesterday (with a range of 106-197% yesterday)."
Nota
Huge drop today as people took profits. It does not affect the modest price target of $182 by 7/19.
Aviso legal
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