Long MNST off likely support by POC and AVWAP.
Entry: $55.75
Risk options:
SL under previous low $54.75: Risk = $1.00 ($55.75 - %54.75)
SL under Low Volume Node (LVN) $53.45: Risk = $2.30
Tp at Value Area High $60.42
R:R ratio
1:4.7 or 1:2
($1 / $4.67 or $2.30 / $4.67)
Position Size:
'R' x Account_Size / Risk
Where 'R' is the percent of your...
Since our last analysis of Monster, we've observed a significant rise to just over $60. However, we now believe that Wave B has concluded. There's a scenario where we could climb higher, but we don't subscribe to that view. We suspect a double top formation near the $60.50 mark, corresponding to the Wave I cycle, and anticipate a five-wave downward structure...
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The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
The Beverage Breakdown: Monster's Technical Tale Told.
Monster Beverage Corporation
1. Price Formation: The price has previously broken out from a Reverse inverted Cup &Handle price formation on a daily chart and hit a target. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the...
Nah, not monstrous, but a drop maybe.
What do we have in this chart?
The up-sloping Fork projects the most probable path that price takes. So, it's up, until price is falling out of the Pitchfork.
Next, the A/R or Action/Reaction lines (slight blue).
All they do is measure a pullback action and project the corresponding reaction.
As we see, the A/R line above...
Weekly chart of MNST
50 is a strong support level of MNST. This had acted as a strong resistance level, which MNST had tried to break in April, August, December 2021 and then again in July 2022. Finally, it had succeeded in its fifth attempt in November 2022.
After a steep descent, MNST is getting support at the 50 level. MNST has lost support of 200 SMA. It is,...
Trading idea number S-012 | Monster stock could raise to $62/63 area.
The setup is positive. The RSI is above the neutrality area at 50. MACD is positive and above its signal line. In addition, the stock is above its 20-day and 50-day moving averages.
Prices are moving in a bullish flag, technical pattern targeting $62.50
📈 Long Entry at 58.15
💰 Take Profit at...
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.
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MNST is approaching an upper trend line with this recent burst of energy (lol)
A breakout from a rising wedge or you could call and ascending triangle occurred.
I think the run has some movement left.
Going to 300 and will flip Coke. One of the best performing stocks ever. My only regret? Buying in way too late. I was chugging monsters when the price was in the single digits and I never held. Sold for small gains. Will it go straight up there overnight? Nope. Like ZR! RICE it is a long term play
In November we exceeded the toppish resistance that had been prevailing for over a year. After this a new trading range has developed for the first quarter of this year. The bears were not able to fall back to the former tops and make a substantial correction of the rise since November. Thus the market seems to me to be supported by steadily renewing buying...
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.
![MNST: [S-012] Monster](https://s3.tradingview.com/u/UBaHs6J8_mid.png "[S-012] Monster")
