Vegan Meals Not Taking Hold
In spite of a couple of bullish bases formed, Beyond Meat (BYND) just can’t seem to pull it together. It has been grinding lower pretty much since its IPO and hasn’t caught fire. (It just so happens to be up today – – I took this screenshot yesterday – – but the downtrend is irrefutable).
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It’s a raging success compared to Oatly (OTLY). As with every other stock on the planet, it had a strong January 2023, but that was in sharp contrast with the rest of its history.
(Click on image to enlarge)
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Disclaimer: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or ...
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