Hubert Senters here.
Let’s take a look at MNST, Monster Beverage Company. I don’t know what all. Anyway, the stock looks nasty. Be careful if you’re in it. So I lack all of this. Let’s not kill it totally here. On a weekly it looks pretty decent except it’s close below the cloud. Let’s go back a little bit further. Monthly looks amazing.
But unless you’re in this thing for months at a time, that’s not really going to matter. Notice this big gap and that’s just in a death spiral. It does have some support right here in this area right here which we’re going to call basically around $43. So it’s got at least five more points of drop before it bounces in my opinion.
Now, if we go to the daily and you can see this, we got a little double dip going on here. So you got a gap consolidation another gap, that’s never really a good thing. I would be short this thing if you’re not. If you’re long with the thing sell it, trail a stop-loss and then the target is going to be obviously down here in this area.
Looks like it’s got more drop to go. If you’re in monster be careful. And where did we think it was going to go? Give me just a second here. Let me backup so I can talk intelligently about it. I mean probably $45-ish. It could get as low as $42 so $45 to $42.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
