AnneTrader
Long

MNST breaks through $100

NASDAQ:MNST   MONSTER BEVERAGE CORP
MNST             was in consolidation for over a year before a large gap up in August 2014. Prior to this it had been in a good, linear bull trend for some time. So now the consolidation period is over we would like to see a continuation of previous behaviour.

While the uptrend began again on the August gap up price took a little while to get going. Then, on 31st October, price finally broke through the 100 figure, which can be a psychological area of resistance for some traders. It did not break through convincingly - a small indecision bar - so a retest of $100 was not unexpected.

Now price has gapped up again, on higher volume , a buy opportunity presents itself.
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