Monster Beverage tries to vent off overbought saturation - Analysis - 24-03-2023

Monster Beverage Corporation's stock (MNST) fell in the intraday levels while gathering momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals out of them, while leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the short term.

Therefore we expect the stock to return higher, targeting the resistance of 108.50, provided the support of 99.80 holds on.

Expected trend for today: Bullish