Monster Beverage Corp.(MNST:NASDAQ) Elliott Wave Technical Analysis 28 June 23,

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Monster Beverage Corp., Elliott Wave Technical Analysis

Monster Beverage Corp., (MNST:NASDAQ): Daily Chart, 28 June 23,

MNST Stock Market Analysis: Looking for further upside into wave {iii} as we have only reached equality of {iii} vs. {i} and we are looking for further upside.  

MNST Elliott Wave Count: Wave {iii} of 3.

MNST Technical Indicators: Below all averages.

MNST Trading Strategy: Looking for upside into wave (v) with invalidation level at 56.5$

TradingLounge Analyst: Alessio Barretta

 

 

Monster Beverage Corp., MNST: 4-hour Chart, 28 June 23

Monster Beverage Corp., Elliott Wave Technical Analysis
MNST Stock Market Analysis: We reacted off 61.8% c vs. a and we broke the wave b top. At this point we either have a flat wave ii or else we had a three wave move into the 60$ and we are now moving sideways within wave (iv).

MNST Elliott Wave count:  Wave ii of (v)

MNST Technical Indicators: Below 20EMA

MNST Trading Strategy: Looking for longs with stops at 56.5$