There is a DraughtIt is due to the window that has opened yesterday. It shall get closed unless the market will get a cold.
0K34 trade ideas
Correction Has BegunWe have done the correction of the rise since August.
But this shall not mean a renewal uf the rise. Instead we have to look at the weekly chart to see that we have just corrected this retracement as well.
Thus I assume that we are still within a longer downward correction that begun in December and has still sufficient space to fill on the downside.
MONSTER Stock Chart Fibonacci Analysis 021125Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 46.3/61.80%
Chart time frame: B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
MNST to $50My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price in channel zones
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative and under bottom of Bollinger Band
Entry at $46.72
Target is $50 or channel top
Important Support and Resistance Area: 50.93-52.95
Hello, traders.
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Please click "Boost" as well.
Have a nice day today.
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(MNST 1W chart)
If it falls from the HA-High indicator and meets the HA-Low indicator, it can be interpreted that the wave has been initialized.
If it falls below the HA-Low indicator, it is likely to show a stepwise downtrend.
However, since it meets the HA-Low indicator, it will eventually form a bottom area.
Therefore, the 50.93-52.95 area is an important support and resistance area.
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(1D chart)
If possible, the point to watch is whether it can be supported around 51.92-52.95 and rise above 53.77.
If it falls below 50.93, you should check whether it is supported around 48.80.
If it is supported around 53.77, you should check whether it is resisted around 55.32-55.96.
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Thank you for reading to the end.
I hope you have a successful trade.
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MNST - MONSTER BUYING IDEA LONG
Dear traders,
Id like to share this idea in order to take long positions, basically the price looking for a previous support zone (around 45), max drawdown has been nearly 26% in this year (above to average amax rawdown).
45$ is is a good price to look for buying opportunities.
More aggressive opportunity would be nearly 35 but it is very unlikely.
Additionally mcde it is in an interesting zone to find buying signals.
best,
Bullish strategie for MIST StockMonster Beverage (MNST, $50.15) was a top loser over the last three months, falling -15.3% to $50.15 per share. A.I.dvisor analyzed 41 stocks in the Beverages: Non-Alcoholic Industry for the 3-month period ending June 25, 2024, and found that 26 of them (63.64%) exhibited an Uptrend while 15 of them (36.36%) demonstrated a Downtrend.
MNST in upward trend: price expected to rise as it breaks its lower Bollinger Band on June 12, 2024
MNST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 26 of 36 cases where MNST's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 72%.
Monster is waking up? Daily RSI Divergence and Heavy volumeHave taken a position here. This can be a stock to hold.
The classic indicators says so, plus we have profitable company.
Lets see.
- Heavy volume on weekly and daily.
- OBV on daily and Volume.
- RSI Divergence on Daily.
- Falling wedge on daily.
- Growing earnings and revenue.
- bullish daily candle closing at the high.
And we have a recent price target to $68 USD.
www.tradingview.com
Monster Beverages - Bullish divergence in placeNASDAQ:MNST
Selling has been halted for Monster Beverages after bearish exhaustion was seen on 30th May. Thereafter, the stock saw a bullish divergence on the RSI, and volume has spiked. As such, we are entering buy at spot at 52.20 or waiting for a pullback to the 50.43 demand zone. Target could see beyond 60.00 in the midterm
$MNST long off POC and AVWAPLong MNST off likely support by POC and AVWAP.
Entry: $55.75
Risk options:
SL under previous low $54.75: Risk = $1.00 ($55.75 - %54.75)
SL under Low Volume Node (LVN) $53.45: Risk = $2.30
Tp at Value Area High $60.42
R:R ratio
1:4.7 or 1:2
($1 / $4.67 or $2.30 / $4.67)
Position Size:
'R' x Account_Size / Risk
Where 'R' is the percent of your account you are willing to lose (typically <2%)
Account_Size is your total risk capital
Risk is either $1.00 or $2.30 depending where you put the SL
Ex. If you are risking 2% per trade, your risk capital is $10,000 and you put the SL under previous low:
Position Size= 2% x $10,000 / $1.00 = 200 Shares
(or 87 shares with the SL under the LVN)
Monster: Sell SignalSince our last analysis of Monster, we've observed a significant rise to just over $60. However, we now believe that Wave B has concluded. There's a scenario where we could climb higher, but we don't subscribe to that view. We suspect a double top formation near the $60.50 mark, corresponding to the Wave I cycle, and anticipate a five-wave downward structure leading to Wave C or the overarching Wave (A). We're setting a short entry because we believe the structure allows for the assumption of a double top formation. Given this is a double top, we also expect to see a double bottom. Nonetheless, our target remains the upper end of the support zone, as we don't want to quibble over a few percentage points and risk not triggering our take profit. Therefore, we've set our target at $49.88.
MNST, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
The Beverage Breakdown: Monster's Technical Tale Told.The Beverage Breakdown: Monster's Technical Tale Told.
Monster Beverage Corporation
1. Price Formation: The price has previously broken out from a Reverse inverted Cup &Handle price formation on a daily chart and hit a target. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the Price.
5. Relative Strength Index (RSI): The RSI is < than 50.
6. Price Target:35
Monster Beverage Corporation is an American beverage company that produces energy drinks, soft drinks, and natural beverages. As of my last update in January 2022, here’s a brief overview:
1. History
Monster Beverage Corporation was originally a natural beverage company called Hansen's, which was founded in 1935. They sold fruit juices, sodas, and other natural beverages for many years. In 2002, the company introduced the Monster Energy drink, which became extremely popular and led to a major shift in the company's focus towards energy drinks. In 2012, the company changed its name from Hansen's Natural to Monster Beverage Corporation to better reflect its primary product.
2. Products
Monster's most popular product line is its range of energy drinks, which include:
- Monster Energy (Original)
- Monster Ultra (Zero-calorie versions)
- Java Monster (Coffee-flavored)
- Monster Rehab (Tea-based)
- Hydro Monster (Non-carbonated, electrolyte beverage)
...and many other variants.
The company has also ventured into other drink categories and has collaborations with other brands and celebrities.
3. Acquisition by Coca-Cola
In 2015, The Coca-Cola Company and Monster Beverage Corporation announced a partnership where Coca-Cola transferred its energy drink business to Monster, and Monster transferred its non-energy drink business to Coca-Cola. Coca-Cola also acquired a significant minority stake in Monster as a part of this deal. This partnership helped Monster expand its global distribution significantly, as it could now leverage Coca-Cola's expansive distribution network.
4. Controversies:
Like many energy drink companies, Monster has faced criticism and legal challenges related to the health effects and marketing of its products, especially towards young consumers.
5. Financials and Stock Market Performance:
Monster Beverage Corporation is a publicly-traded company, and its stock performance and financials can be found on financial platforms or its official investor relations website.
Two key figures in the company's history are:
1. Rodney C. Sacks: He has been the Chairman and CEO of Monster Beverage Corporation for several decades. Sacks, along with Hilton Schlosberg, acquired Hansen's Natural (the predecessor to Monster Beverage Corporation) in 1992. Under their leadership, the company transitioned from selling natural sodas to launching the Monster Energy drink in 2002, which ultimately led to substantial growth.
2. Hilton Schlosberg: He has been the Vice Chairman, President, COO, and CFO of the company. Like Sacks, Schlosberg played an integral role in the transformation and success of Monster Beverage Corporation.
Both Sacks and Schlosberg have been instrumental in guiding the company's strategy, growth, and expansion over the years.
Rodney C. Sacks and Hilton Schlosberg, the key figures behind Monster Beverage Corporation's rise, both originally come from South Africa. They migrated to the United States, where they eventually took over Hansen's Natural and transformed it into the energy drink giant known as Monster Beverage Corporation. Their South African background and their success in the American beverage industry make their story quite notable in the world of business.
MNST - Monster with a monstrous drop?Nah, not monstrous, but a drop maybe.
What do we have in this chart?
The up-sloping Fork projects the most probable path that price takes. So, it's up, until price is falling out of the Pitchfork.
Next, the A/R or Action/Reaction lines (slight blue).
All they do is measure a pullback action and project the corresponding reaction.
As we see, the A/R line above the last high is not touching price, but it gives kind of a resistance to price.
Then we have price itself: A huge bunching is happening up there. And, price crossed below the Center-line a couple weeks ago and is currently trading below it, with support of the EMA(30).
So we land at the Indicators and Oscillators:
The MACD crossed negative weeks ago. And this time the negative indication is longer than the last two times.
The Mansfield Indicator shows weakness compared to the S&P500, and the RSI has taken a dive weeks ago.
All this leads me to believe that we see bigger correction in MNST. Maybe not a monstrous one, but a correction down to the L-MLH.
Play it save if and don't let greed eat your brain §8-)
Monstrous downfall for MNSTWeekly chart of MNST
50 is a strong support level of MNST. This had acted as a strong resistance level, which MNST had tried to break in April, August, December 2021 and then again in July 2022. Finally, it had succeeded in its fifth attempt in November 2022.
After a steep descent, MNST is getting support at the 50 level. MNST has lost support of 200 SMA. It is, therefore, very likely that MNST will lose support of 50.
Next support is at 45, which is also .618 retracement of uptrend since March 2022. Overall market is weak. So, I don't rule out that MNST may fall even further.
[S-012] Monster Trading idea number S-012 | Monster stock could raise to $62/63 area.
The setup is positive. The RSI is above the neutrality area at 50. MACD is positive and above its signal line. In addition, the stock is above its 20-day and 50-day moving averages.
Prices are moving in a bullish flag, technical pattern targeting $62.50
📈 Long Entry at 58.15
💰 Take Profit at 62.50
💸 Stop Loss at 55.90
