══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ On the left-hand side, we can see the weekly scenario which shows...
MNST is trading between its support and resistance level since the beginning Nov 2022. I guess it can not break the resistance level and going to test its support level at 98s. Also, this stock has huge P/E ratio
$MNST setting up a breakout to all time highs. Very obvious and hard to trust in the environment we are in right now. $WSC from few days ago moved into ATHs and held. Its okay to just watch these for now. Slow mover anyway but could be a good provide valuable feedback.
Little pull back with overallmarket sentiment 90 days PT is $ 124 by April end
Originally missed my entry , but just took advantage of a small little sell off to get in around nearly the same price as the signal day on Jan 23rd . I like how we are sitting on MNST's GLB line and we are consolidating right at its highs in a TTR , stock is in BOM ( breakout mode ) but could go both ways , up or down , also could just go sideways an maybe stop...
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...
Long setup target 120 in 3-6 months Bottom indicator is correlation to SPY
$MNST continues to evolve with its consolidation above base breakout. Acting like a leader in a very weak market. both OBV and RS putting New Highs Before Price.
$MNST setting up a pullback buy to the top of its base breakout.
The tobo structure, which is seen as both a return and a Continuation formation, is also seen in this stock. The neck zone broke above the one-year price action and successfully retraced. The expected rate of return is 25%. If Stop Loss is followed with ATR, much more solid gains can be obtained.
It's possible price goes back below the 100$ BO level but I'm nonetheless trying a small position here with a small stop at 99$. I'll add on a move above 104.5$.
$MNST 3 days of strength post BO gone and back to square one. Watching for pullback to breakout level low risk entry.
On 18/11 I added calls for next januari and june. Closed half my position on 23/11 around $104, because of the lower volume at the beginning of the day and the good run it had the past days. When the price drops below the short term trend line, i will close the other positions. Pretty defence because it is still a choppy market/ Will keep monitoring MNST to...
MNST will be bull run again Waiting for RSI breakout Stoploss at 86$
Inverse head and shoulder clearly visible from the weekly chart. Formation started in april/may 2021 --> big base, big breakout. Showing strenght during weak day. Above 10 & 30 EMA Weekly, in stage 2 (Stan Weinstein) since middle of october. PEG on earnings (04/11) Entered $105 jan calls @$99 Using AVWP of PEG as stop loss ($98) good luck
The $99 region seems to be a barrier the bulls cannot breach. Key support comes in at $71.78, the March 2020 low. The Double Top or Flat correction will be decided by how price reacts at the $70 zone. Short positions should use a stop-loss at $94.23, the wave (2) high.
Looking at the chart we can see a bullish divergence pattern. The price is going down while the RSI shows the opposite direction. We expect for the price to go up and hit the targets. The details are shown on the chart. Goodluck
If you like this idea, please don’t forget to Boost it. 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...