Do you think BYND is a valid IPO U-turn?

A:

Yes, BYND is an IPO base, or what I used to call a “give and go” pattern back in the days before O’Neil labeled it an IPO U-turn base. However, it is up 51% from its low of last Friday. Therefore, it has come up too far, too fast for even the most aggressive of operators to consider entry. Note the two days (Friday and Monday) of ridiculously low volume.