In this video I present a cautionary tale from trading history to show why it is a very bad idea from a risk management standpoint to hold options until expiration. This example comes from NASDAQ:MNST in 2014 when NYSE:KO made a surprise announcement that led to a huge move in the stock.
Looks like MNST missed earnings on 5/6, missing on EPS . Gpped down on earnings, then ,made a decent run up, followed by a substantial pull back. UMMMM
Rather deep pull back in past week or 2 of trading and is closing back in on C. I am watching as this one as the pull back is a bit deep. In an ABC bullish pattern , a tad under C can make a good stop. I do see...
(This is not financial advice)
Nice pullback here on MNST, I am very bullish on consumer staples going into the next week. Low risk of this stock continuing to fall and a solid Risk vs Reward at 1.57.
- Vlaire
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...
Looks like it forming another one rounded base if it is, than possible upward move brake out and possible retest (pullback).
Not a recommendation, just an observation.
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...
$MNST formed a bullish descending channel.
Watch for a breakout of structure to the upside.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
See my previous $MNST analysis here:
Keeping this set up on watch. Heavy resistance near 88 with those upper shadows but a nice strong up trend since last earnings. Could be a great breakout play if we continue to squeeze up to resistance. Will be watching for continued support at uptrend for possible entry.
![MNST: $MNST | Descending Channel: Watch For A Breakout [Update 1]](https://s3.tradingview.com/u/uNlRcH7M_mid.png "$MNST | Descending Channel: Watch For A Breakout [Update 1]")
