Monster Beverage Corp., Elliott Wave Technical Analysis

Monster Beverage Corp., (MNST): Daily Chart, May 24

MNST Stock Market Analysis: Looking for further upside as we seem to be extending into wave 3. It looks like we are looking for another push higher into wave (v).

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

MNST Technical Indicators: 20EMA as support.

MNST Trading Strategy: Looking for further upside into wave (v).

TradingLounge Analyst: Alessio Barretta

Monster Beverage Corp., MNST: 4-hour Chart, May 24

Monster Beverage Corp., Elliott Wave Technical Analysis
MNST Stock Market Analysis: Looking for this sharp wave c of (iv) to be near completion as we just past equality of c vs. a and we are floating around the 23.6% retracement of wave (iii).

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

MNST Technical Indicators: In between averages.

MNST Trading Strategy: Looking for upside into wave (v).

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