M1NS34 trade ideas
$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: 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 LONG i think we at least break the 200d $MNST LONG i think we at least break the 200d and start the gap fill. Obviously we would like the market with us. It broke out of its recent consolidation to the upside. There was large size bullish put selling at the August 50 strike on 6/27. I will be buying calls in the morning. you can see my exact entry ticket on twitter @breakingoptions
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 --