$mnst setup LONGnice little 2 hr setup on monster. Double bband bottom. Lower low inside the bbands with lower volume.
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MMMONSTER BEVERAGE CORP
1,110.00MXND
+8.00+0.73%
At close at Jul 24, 15:44 GMT
MXN
No trades
MNST trade ideas
Update : MNST - Monster Beverage+ 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
Falling Monster Beverage to $3.5Falling 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 harmful ends .
MNST - Rising wedge breakdown short from $42.97 to $40.43MNST broke-down from a rising wedge formation, retested the resistance & seems rolling over nicely holding below EMA lines. Moneyflow declined to the negative side. We think it will be a good short.
Trade Criteria
Entry Target Criteria- Break of $42.97
Exit Target Criteria- $40.43
Stop Loss Criteria- $44.57
Trade Status: Pending
(Note: Trade update is delayed here.)
MNST could this be the beginning of a BEARISH trendMNST is stuck in a sideways channel getting ready to break out either to the upside or to the downside Could this be the top reversal point? Negative divergence in the RSI shows that the bullish trend is losing some steam and may start to turn bearish
