The price is below 30MM, and the slope of 30 MM is slightly negative. Theoretically, it's in phase 4. If the price breaks the resistant, it will be in stage 2, but I think this will happen in two months.
$MNST LONG i think we at least break the 200d and start the gap fill. Obviously we would like the market with us. It broke out of its recent consolidation to the upside. There was large size bullish put selling at the August 50 strike on 6/27. I will be buying calls in the morning. you can see my exact entry ticket on twitter @breakingoptions
MNST hit the resistance line and is following a reverse Elliot wave pattern. Im looking for it to shoot back up around A then sell of what I've got. If it follows the ABC off of the Elliot pattern i would buy around the pop after the B wave, thats what i will be doing. I will keep you guys updated
We have MNST showing a typical elliott wave pattern. It might dip down further but know that we are about to see an ABC bounce back. We also have a tell tale oversold point on the RSI so we should be looking at a pop but I am going to buy around B instead of now just to confirm that the stock is making an ABC pattern.
Will keep you guys updated --
About a month or two ago I mentioned Monster beverage to buy at around 50.
So here we are. Growing company might be a take over candidate soon.
Im bullish on Monster and in Asia they are growing fast.
Only my opinion so research yourself
May the markets be with us
Good company and might get some more attention from coca cola.
Biggest stock owner already but there could be an takeover.
See a nice entry at around 50 Dollars
Also it seems like respecting 150 MA a lot.
+ Candle testing resistance turned support around 62.40
+ Price moving sideway but Volume seems building up rapidly - Bullish Divergece ?
+ Bollinger Band sqeezing (Narrow band) and price moving between Upper and Lower limit.
Indicators shows sign of price to rally towards target $67
Get ready to LONG