MNST
MNST Long Set upJust broke out of triangle pattern, High volume supports the breakout. Indicators are supporting the move too. I think it will move higher. No fundamental analysis done but technically stock looks ready for move north.This post is for educational purposes only. Pleas do your own homework before buying or selling any financial assets.
$MNS breakout to new ATHs Great ER forecast catalyst$MNST beverage co. hit ATHs this AM then sold off into the afternoon. Stock moves slow but steady. Monster should be in line to report a terrific quarter with monthly sales #'s at all time highs and CFO said they are in line for highest profit quarter in their company history. Positive technical signals w the MACD crossover to positive, above all MAs, volume increasing as earnings approach. Stock has been consolidating for some time but has made a nice move up lately. Another consumer discretionary/consumer staple stock that could be late to the party like a $WMT and $COST too. Think this can hit 80+ with a ER crush and they do have the greatest returns out of any public company traded on the NYSE in the past 20 years! $MNST Monster Beverages kills it.
Monster Beverage 2 year consolidation breakoutStandard classical charting pattern here.
Executing with two entries, 1 with tight risk to have a larger sized position, and the 2nd with a bit more room in case it does a deep retracement.
Is Monster breaking out of a massive Ascending Triangle?Key Takeaways
The trendlines of a triangle need to run along at least two swing highs and two swing lows.
Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
A long trade is taken if the price breaks above the top of the pattern.
A short trade is taken if the price breaks below the lower trendline.
A stop loss is typically placed just outside the pattern on the opposite side from the breakout.
A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
This multi year ascending triangle pattern is similar to a previous one Monster created in approximately 2012.
The RSI is displaying a series of lower highs, meanwhile, the price continues to rise which is indicative of a divergence.
Divergence can occur between the price of an asset and almost any technical or fundamental indicator or data. Though, divergence is typically used by technical traders when the price is moving in the opposite direction of a technical indicator.
Positive divergence signals price could start moving higher soon. It occurs when the price is moving lower but a technical indicator is moving higher or showing bullish signals.
Negative divergence points to lower prices in the future. It occurs when the price is moving higher but a technical indicator is moving lower or showing bearish signals.
Divergence isn't to be relied on exclusively, as it doesn't provide timely trade signals. Divergence can last a long time without a price reversal occurring.
Divergence is not present for all major price reversals, it is only present on some.
FYI, price target of the ascending triangle breakout on a log scale is approximately $118.00 USD.
Additionally, I wouldn't be surprised to see Monster enter the cannabis space this year or early 2021. The company has expressed interest & the U.S is "potentially" going to get some clarity on the SAFE Banking or States Act, only time will tell.
New Pairs Trade (Long PEP vs Short MNST)Hey traders, today I share a pairs trade I put on, going long $PEP and short $MNST in equal amounts betting on a reversion to the mean in the next couple of days and with a tight stop loss to limit the downside.
These are two similar stocks which make for a great pair and you can see on the Range Strength indicator the pair is currently trading in a strong range which is what we want to see before we take a signal from the Buy Sell Bands.
Stay tuned as i'll be updating this trade idea as it progresses.
Have a great weekend!
Jared
Monster Beverage: Top Buy Pick for 2020.MNST is currently within its cyclical consolidation phase (1W RSI = 47.866, 1M RSI = 51.690, ADX = 21.720, Highs/Lows = 0.0000) following the price peak in 2018. This phase has lasted around 780 days in the past and was always followed by a strong rise to a new peak.
With the 1W MA200 supporting we have entered the last phase of this consolidation and if the Channel Up holds (dashed lines) we can claim that we are on the most optimal buy levels before the next price peak. We have set a 2020 target at 80.00. Risk-seeking investors may aim at the top of the Higher High trend line around 90.00.
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Comments and likes are greatly appreciated.
BUD technicals and fundamentals look greatFundamentals
Analysts are pricing BUD @$118 (24% above current price!)
New products and hype.
Technicals
OBV has been increasing steadily. But on a longer term, you can see the average volume is now lower than previous years.
BUD is breaking above a weekly resistance 50SMA.
MNST printing 3 white soldiersNASDAQ:MNST is showing 3 white soldiers. Bouncing up from recent support line.
Can get long here, potential to go 66.49
MNST: Another gap filling opportunity (SHORT)Short entry Now and ladder thru $62,Target $50.
MNST has remained within the long-term bullish channel, and returned after breaking out in 2017. Even tho I think a new bear channel is forming, there's an opportunity to catch a swing while staying in the bull channel.
Gap was created in Feb 2018, and we may look to finally fill it before thrusting down. How convenient... if the slope of the perceived bear channel is transposed from ATH, we can touch the top of the channel at the date of ER AND fill the gap.
MNST longMNST came back strong . looks great on the daily
SL- red lines
TP- green lines
* please note that the overall market is in a critical point ( high risk) so please keep your stop loss in place.
G luck!
[MNST] phase 4The 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.
HTZ is now looking real goodThis has all the makings of revival gains! I can feel the bull in HTZ. 180 day EMA may act as resistance at 18.30 good gains will be made
MNST 2nd times the charmGains? This time it better have bottomed out and now it goes marchin on! We're marching on! right up and up!
MNST waking up?Is it done? Has it bottomed out? Please don't be like GE If it has bottomed out then you know what gains will be made. I need to wait longer on this one to confirm, let's hope so.
MNST looking at a nice swing trade profitMNST 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
Fullfilling the Elliot Wave PatternWe 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 --
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.)
I believe MNST is Neutral.I believe MNST is Neutral. I think it will go up for week or two then reverse down.
