USA Stock Monster Beverage is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The price has also broken the resistance at 59.02 of a rectangle pattern, which signals a further rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 52.00 dollar. The stock is overall assessed as technically positive for the medium long term.
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