The PEAD projected a Bullish outlook for $MNST after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
MNST has broken out of a large ascending channel on the Weekly timeframe
Recently price has found support on the upper band of this channel
This is good and can lead to further upsides for price
MONSTER looking to gain some energy here after breaking out I will be waiting for a retest of 88 to start some long dated call options along with equity for profit targets of 93.81 and 98.82 and will keep my stop loss under the right shoulder in the 82 area
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $83.25 / $84.02
Target Price: $84.45 / $85.20
Stop Loss: $82.05
BUY Limit Order - The trend is your friend!
ENTRY: 90.40 USD
TRAGET: 112.00 USD (23% Profit)
STOP: 82.31 USD
Monster Beverage Corporation develops, markets, sells, and distributes energy drinks!
1.) This is what analysts call an intact trend! We just faced the rejection on the lower trend line! Time to buy!
2.) Coca-Cola closes energy drink business in the US....
Earnings today.
Possible stop below D.
Risky to trade with earnings after market close. This chart would depend on how well earnings are received this afternoon. This butterfly went past the 1.272 almost to the 1.618. I think there was a downgrade on MNST this past quarter.
No recommendation
First MACD bullish crossover since 6 August 2021!
Upside price momentum supports the bullish trend.
RSI leaves enough room for further upside price potential
Above 84 supports a bullish trend direction.
Monster is a drink many people depend on. I've seen many coworkers throughout my time working using this product. I know there are other competition in the market and that energy drinks overall aren't the healthiest in my eyes. However, due to TA, I can't see why we couldn't squeeze out some of this potential retracement of the previous high. We are far away from...
* Strong up trend
* Strong earnings
* About to break from 4 months of consolidation
* If it breaks and closes above $98.43 it would also confirm the double bottom pattern
* Looking at the price action it may break in the coming week.
