STOCK: MNST Swing trade dailySetup: Flow is up, making measured swings 1.5 swing expansion Pivot component - contraction & gaps Single line broken Entry: Rest test after gap into contraction area Stop: Below the pivot Target: 2.5:1 Risk RewardLongby MarketSightsUpdated 1
Long strong run that may not be over yetMonster has been on a nice run since the gap up. The question is whether or not it has the power to continue the trend. Monster reports earnings in 3 days. A break above the current resistance would be a buy signal and a stop is a break below the red tend line. Lets see how it plays out.Longby gowithetf0