MNST was in consolidation for over a year before a large gap up in August 2014. Prior to this it had been in a good, linear bull trend for some time. So now the consolidation period is over we would like to see a continuation of previous behaviour.
While the uptrend began again on the August gap up price took a little while to get going. Then, on 31st October, price finally broke through the 100 figure, which can be a psychological area of resistance for some traders. It did not break through convincingly - a small indecision bar - so a retest of $100 was not unexpected.
Now price has gapped up again, on higher volume, a buy opportunity presents itself.
While the uptrend began again on the August gap up price took a little while to get going. Then, on 31st October, price finally broke through the 100 figure, which can be a psychological area of resistance for some traders. It did not break through convincingly - a small indecision bar - so a retest of $100 was not unexpected.
Now price has gapped up again, on higher volume, a buy opportunity presents itself.
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Twitter: twitter.com/dynamictrader
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Web: dt.live
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.