Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is...
It just near by the resistance but needs some more strength!!
Not sure why I've never posted this before, but potentially we are on Wave-4 on the larger scale for BTC (currently in Wave-B ). I've put the bottom of Wave-4 at the 61.8% retracement of Wave-3, because Wave-2 retraced 38.2% and the rule of alternation suggests that Wave-4 should cover more price range. It's also the top of Wave-1, and Wave-4 should not retrace...
Sea Monster Formation. Based on this pattern BTC is going either remain a mystery like the Lochness Monster or have to show itself and confirm the myth. When this formation happens, it is anyones guess as what it will do. Some say that a breakout will occur and there will be a positive identification and others say it is just a hoax or only in your imagination....
Falling from $43.5 to $3.5 . Can you imagine that? 99% say no? I give this forecast. The cause of the fall will be: - Company is no longer growing 30% a year as before. - The company's already expensive (Enterprise Value/EBITDA 22; Price/Earnings 40) - Drinks are harmful ! It seems until this is understood only by blind and deaf. - Trend to energy drinks...
In all the discussions out there i can't help but look at this each time and see one Monster Bull Pennant brewing here on the weekly. Looks to be forming teeth now :) You be the judge.
Monster Beverage Drops On Stifel Concerns ***** (finance.yahoo.com) 03/06/2014 Shares of Monster Beverage (NASDAQ: MNST) fell more than three percent Tuesday morning on comments from Stifel, following the shareholder meeting. Stifel reduced its estimates on weaker-than-expected sales growth for the past several months. Analyst Mark Astrachan backed up his claims...