$MNST has been in a “Go” trend since late February.
Since then we have seen a series of higher highs and higher lows as price has climbed over $62. After that last high, price has fallen back and we see GoNoGo Oscillator testing the zero line from above. We know that in a strong, healthy “Go” trend, momentum should stay at or above the zero line so it was important to see that level hold as support. Now, as momentum is resurgent in the direction of the trend we see volume increase as the oscillator turns dark blue. GoNoGo Trend is painting strong blue bars and we will watch closely this week to see if this gives price the push it needs to climb to a new higher high.
