Nov. 14 at 11:29 PM
$MNST is currently trading at
$71.31, above its 30-day moving average (MA30) of
$68.88 and 50-day moving average (MA50) of
$67.39, indicating a bullish trend. The RSI at 55.62 suggests that the stock is neither overbought nor oversold, providing room for upward movement. The recent 60-day high of
$72.62 presents a key resistance level, while the low of
$60.97 establishes a solid support base.
For a trade plan, consider entering at
$71.50, slightly above the current close to confirm momentum. Set a stop loss at
$69.50 to manage risk. Target 1 can be set at
$72.50, just below the 60D high, while Target 2 can be set at
$74.00, allowing for potential further gains if momentum continues.
Overall, the market context supports a bullish bias with the technical indicators aligning favorably.
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