Sunday, December 6, 2015
MNST Chart - 12/06/2015
Technicals allow us to use previous behavior to predict future price action. This stock is having a very hard time breaching the $158 level, and the last time it failed to breach a key resistance point, it retraced by 15% before climbing back up again. If the stock fails to breach its current resistance soon, it could retrace all the way down to $133.