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Time for a Monster? (MNST)

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JULY 27 2023
 
   
SCOTT WELSH'S TICKER TALES
You Don’t Always Have To Catch The First Breakout 
 
 
Pinpointing a perfect breakout is thrilling.

It makes a trader feel like a genius.

And it’s also very profitable, of course.

But it’s not mandatory.

Sometimes we can get really big winners on stocks that have already broken out.

Take Monster Beverage (MNST), for example. 

Clearly, it’s already broken out:
 

A “perfect” breakout entry would have occurred back in November 2022:
 
 
 

But another great time to catch a winner with great momentum is when it takes a break. 

When a stock pulls back toward the 30 week simple moving average, many times that means it’s gathering up steam for another move upward.

And that’s exactly where MNST is right now.

A break above $60.47 could lead to another explosion.

We’ll keep an eye on it.

Happy trading,

— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.


 
JEFFRY TURNMIRE
Amplify The Bitcoin Rise

 

There’s more than one way to skin a cat.

And that’s true for trading as well.

For instance:

If you expect (as I do) that Bitcoin is headed higher — dramatically higher — over the next few years…

You could simply buy a bunch of Bitcoin or Bitcoin-related shares right now and tune out for the next few years.

I’ve certainly done that.

In fact, you probably read about it in my past emails where I talk about the mega-sized $213,000 trade I have on Bitcoin right now.

But, that only gives you once chance at capturing the dramatic rise you’re expecting.

There’s another way to play it as well…

It’s common knowledge that “nothing goes straight up”.

Just look at any stock chart… In fact, look at some of the strongest trending stocks of 2023.

Notice something? Even though they’re headed up over the long term…

All those little red arrows show the little dips they’ve had along the way:

 

And even though I expect Bitcoin to rise dramatically over the next few years…

I also know that it’s going to take breathers just like those stocks.

In fact, I know of a monthly breather that Bitcoin has taken every single month like clockwork.

And I’ve been playing it to my advantage. (or as some people say “buying the dip”)

I call it Bitcoin’s “monthly profit window” and I just finished up a live webinar where I shared all the details about it — including exactly why it’s been such a predictable pattern.

In fact, the Bitcoin monthly profit window for July just opened up today and I alerted my followers about it.

If anything I’ve said just now makes sense to you, I want you to go watch this video, because there’s still time to get into this months’ play.

Hope you enjoy,

— Jeffry Turnmire
   
 

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