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Monster Beverage Corp.(MNST:NASDAQ) Elliott Wave Technical Analysis 12 June 23


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Monster Beverage Corp., Elliott Wave Technical Analysis

Monster Beverage Corp., (MNST:NASDAQ): Daily Chart,12 June 23,

MNST Stock Market Analysis: Looking for further upside into wave {iii} as we have double corrected lower into wave (iv).

MNST Elliott Wave Count: Wave (iv) of {iii}.

MNST Technical Indicators: Below 20EMA.

MNST Trading Strategy: Looking for upside as we need to complete wave {iii}which could reach 1.618 vs. wave {i}.

TradingLounge Analyst: Alessio Barretta

MNST_6_12.png.45815fba42ab752cfd93e1f146f32372.png

 

 

 

Monster Beverage Corp., MNST: 4-hour Chart,12 June 23

Monster Beverage Corp., Elliott Wave Technical Analysis

MNST Stock Market Analysis: Looking for support within the box which represents the area between 0.618 vs. 1 of c vs. a. Looking for further upside soon.  

MNST Elliott Wave count: Wave c of (iv).

MNST Technical Indicators: Between 20 and 200EMA.

MNST Trading Strategy: Looking for longs with a stop on the top of wave (i).

MNST_4H.png.61e2372e057f67346bba62401c57bbae.png

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