MNST trade ideas
MNST - Monster BeverageBig 2.5-year consolidation after a multi-year bullish rally. Now breaking higher from the base.
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.
MNST BOARD AUTHORIZES NEW $500.0 MILLION SHARE REPURCHASE PROGRAMNST: Monster Beverage Corporation
2020-03-13 16:15:10
MONSTER BEVERAGE BOARD AUTHORIZES NEW $500.0 MILLION SHARE REPURCHASE PROGRAM
Monster Beverage on Verge of All Time High $mnst
Possible entry level on breakout to all time high $71.00
Target price to top of channel $76.00
Stop loss $69.00
Alternatively wait for breakout, pullback for entry
Monster Beverage on breakout alertenrty level $61.84 = target price $65.87 = Stop loss $ 60.70
Bullish MA support and aligment.
RSI high but room to run higher.
Impressive volume.
p/e 33
low short interest 3.36%
Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to bottlers and full service beverage distributors. The Strategic Brands segment sells concentrates and beverage bases to authorized bottling and canning operations. The Other segment comprises of certain products sold by its subsidiary, American Fruits and Flavors LLC to independent third-party customers. The company was founded on April 25, 1990 and is headquartered in Corona, CA.
$MNST Monster call Buying In Monster Beverages. Bullish option action in the stock with high call buying going into earnings. The stock is ready for a sizable move as is dictated by the indicators and volume from today.
Average analysts price target $66 | Overweight
P/E ratio 29.53
Company profile
Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to bottlers and full service beverage distributors. The Strategic Brands segment sells concentrates and beverage bases to authorized bottling and canning operations. The Other segment comprises of certain products sold by its subsidiary, American Fruits and Flavors LLC to independent third-party customers. The company was founded on April 25, 1990 and is headquartered in Corona, CA.
Monster Beverage: Top Buy Pick for 2020.MNST is currently within its cyclical consolidation phase (1W RSI = 47.866, 1M RSI = 51.690, ADX = 21.720, Highs/Lows = 0.0000) following the price peak in 2018. This phase has lasted around 780 days in the past and was always followed by a strong rise to a new peak.
With the 1W MA200 supporting we have entered the last phase of this consolidation and if the Channel Up holds (dashed lines) we can claim that we are on the most optimal buy levels before the next price peak. We have set a 2020 target at 80.00. Risk-seeking investors may aim at the top of the Higher High trend line around 90.00.
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$MNST$MNST Earnings on Aug 9th. Could pop from that $66.30 Resistance level. Bullish view. Good sales overall
Monster puts on MNST energy Noticed some large puts being bought for $50 and that is a long term support. Price looks over extended and earnings if they are bad could drop this down hard.
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
Great potential for MonsterThis is a great entry point right here in my opinion.
I won't miss that here and think we could reach 72 $ by the end of summer. Then I go out of this.
$MNST This is the real BULL in a can. All time high coming.Monster Beverage shares have gained more than 8% in the premarket, after posting earnings of $.48 per share rather than the expected $.38, sales had a increase of 11% which has pleased investors this morning. The stock could quite easily hit a all time high in the coming trading days, after consolidating for 1 year.
Company Description
Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to bottlers and full service beverage distributors. The Strategic Brands segment sells concentrates and beverage bases to authorized bottling and canning operations. The Other segment comprises of certain products sold by its subsidiary, American Fruits and Flavors LLC to independent third-party customers.
$MNST Short term upsideBullish Divergence on RSI on recent low
MACD coming back around
Decreasing selling volume with first good breakout buy volume
Could see a 1 more dollar drop at most to touch the .786 fib retracement
Should see breakout before end of week
