NASDAQ:MNST is a bullish looking chart. Look at the moving averages. in a parallel uptrend. A little over extended. The 20 week and 50 week moving averages are buying opportunity.
That NASDAQ:MNST breakout I've been eyeing for a while is here, not much volume (yet). Nothing change on price action post 2:1 split, price split adjusted accordingly. Let's see today's closing price, which is will be the weekly closing price.
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink...
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Fundamental Indicators:
Sector – Consumer Defensive
US Business Cycle Stage – late cycle, when this sector is favourable
Revenue – consistent growth for the past 10 years, 13% average annual growth rate for the past 5 years
Profits – dropping since 2020
Net margin – highly effective company...
Monster Energy is an odd company, because when was the last time you saw a Monster Energy commercial? probably not at all or it was a really long time ago, now when i ask the same of its Austrian competitor Red Bull probably more recent depending on your preferred media choice. Now, when I say energy drink what comes to mind? Either the Red Bull can or the...
Bull Flag is a Range pattern that is a repeatable trading chart patterns.
Bull Flag chart patterns will have a directional bias (Short) depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close...
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...
MNST is currently within its cyclical consolidation phase (1W RSI = 47.866, 1M RSI = 51.690, ADX = 21.720, Highs/Lows = 0.0000) following the price peak in 2018. This phase has lasted around 780 days in the past and was always followed by a strong rise to a new peak.
With the 1W MA200 supporting we have entered the last phase of this consolidation and if the...
