Elliott Wave Technical Analysis: Monster Beverage Corp.

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Monster Beverage Corp., Elliott Wave Technical Analysis

Monster Beverage Corp., (Nasdaq: MNST): Daily Chart, 22 June 2023

MNST Stock Market Analysis: The stock has been moving as forecasted ever since the last update. Looking for upside as we seem to have found a bottom.

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

MNST Technical Indicators: Above all averages.

MNST Trading Strategy: Looking for further upside into wave (v), wave {iii} could reach 1.618 {iii} vs. {i}.

Analyst: Alessio Barretta

Monster Beverage Corp., MNST: 4-hour Chart, 22 June 2023

Monster Beverage Corp., Elliott Wave Technical Analysis
MNST Stock Market Analysis: Looking for upside into wave iii as we seem to be correcting in wave ii. Invalidation level stands at 56.5$

MNST Elliott Wave count: Wave ii of (v).

MNST Technical Indicators: 20EMA as support.

MNST Trading Strategy: Looking for longs into wave iii.