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GSUTrader
Feb 10, 2016 12:00 AM

$MNST Daily Short

Monster Beverage CorporationNASDAQ

Description

Watching this on the Daily chart to retest prior support at around 124/125 ... Likely to become new resistance in this market. RSI has NOT broken below 34ish in a VERY long time and now trying to work out of OVERSOLD conditions, would like to see this test 34ish during its bounce, if it break, I don't expect it to hold up above it for very long.

This is something I am keeping an eye on to get into a SHORT position via PUTS
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