Trading Options with an Edge
Select Page

Monster Beverage (MNST) strong weekly consolidation set-up

Monster Beverage (MNST) strong weekly consolidation set-up

by | Sep 7, 2021 | Chart SetUps

Monster Beverage (MNST) consolidating nicely above the rising 8-week moving average and hit the Ready to Run screen, a weekly pattern poised for a breakout higher above the April/May highs. MNST is also seeing MACD on the weekly back to positive territory and RSI has held firm above the 50 line. MNST is within a larger rising channel and above $98.50 can target a run to $107.50.