Looks like MNST missed earnings on 5/6, missing on EPS . Gpped down on earnings, then ,made a decent run up, followed by a substantial pull back. UMMMM
Rather deep pull back in past week or 2 of trading and is closing back in on C. I am watching as this one as the pull back is a bit deep. In an ABC bullish pattern , a tad under C can make a good stop. I do see a level of support not far under current price. If it holds and forms a consolidation zone here, I am in. Otherwise I will see what happens at the next support level .
The bullish Belthold is a fairly consistent candle for marking possible bullish reversals after a pull back or at the bottom. It is a one candle pattern. Look for a green candle, the bigger the better, with little or no lower shadow that closes (the top of the green candle) near the high. There will usually be a top wick, but it should not be a super long top wick. The top wick is marking the high for that session, and this candle is not valid if the close is way below the high of the session.
No recommendation
Rather deep pull back in past week or 2 of trading and is closing back in on C. I am watching as this one as the pull back is a bit deep. In an ABC bullish pattern , a tad under C can make a good stop. I do see a level of support not far under current price. If it holds and forms a consolidation zone here, I am in. Otherwise I will see what happens at the next support level .
The bullish Belthold is a fairly consistent candle for marking possible bullish reversals after a pull back or at the bottom. It is a one candle pattern. Look for a green candle, the bigger the better, with little or no lower shadow that closes (the top of the green candle) near the high. There will usually be a top wick, but it should not be a super long top wick. The top wick is marking the high for that session, and this candle is not valid if the close is way below the high of the session.
No recommendation