MNST trade ideas
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.)
Monster BeverageMaintains a predictable trading range unfazed by market conditions. strong buy should KO purchase additional equity.
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
MNST H&S TOP?Possible H&S top for MNST? Has the look and bearish RSI---i.e. declining RSI with higher prices. Pretty good risk/reward scenario to go short, IMO.
I believe MNST is Neutral.I believe MNST is Neutral. I think it will go up for week or two then reverse down.
$MNST DailyWatching this on the Daily chart to retest prior support at around 124/125 ... Likely to become new resistance in this market. RSI has NOT broken below 34ish in a VERY long time and now trying to work out of OVERSOLD conditions, would like to see this test 34ish during its bounce, if it break, I don't expect it to hold up above it for very long.
This is something I am keeping an eye on to get into a SHORT position via PUTS
