See how the Rectangle is playing out for MNST. View live chart.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
A clear signal has emerged for Monster Beverage (MNST) on the daily chart. Currently at $97.23, the asset is showing downward momentum (-0.52%). The primary technical feature is a Bullish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $100.34, targeting $126.08 with support near $92.95 (R:R 3.48).
What is your outlook on MNST?