$BYND has been struggling to get off the floor since hitting lows late last year.
It now looks as though we have been in a basing pattern. With clear resistance at pattern highs, we have watched as price has tried to break above these levels in this new “Go” trend. GoNoGo Oscillator made a clear break into positive territory and we have seen volume pick up (dark blue oscillator) as GoNoGo Trend tried to establish this “Go” trend. Now, we are seeing GoNoGo Oscillator find support at zero, indicating that momentum is still on the side of this “Go” trend. We will look to see if price can stay above this horizontal level that should now offer support and climb to new highs.
