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Re: MasterBlastr post# 11745

Sunday, 06/11/2023 7:47:53 PM

Sunday, June 11, 2023 7:47:53 PM

Post# of 21767
I annotated a MNST chart to decipher where I might have gotten involved. I will admit I would probably not gotten involved from 1992 to 1996 based on the chart. Possibly in 1996 when the downtrend was broken but would most likely have gotten out of most when it tested the 1992 high. I might have taken a stab in 2001 when it tested the uptrend line but would have gotten out when that was broken. It then backtested that line for 2 years and would not have been interesting to me until it broke through the triple top in 2004. It was then that the Accumulation/Distribution chart exploded to the upside. For 2 years it never broken the uptrend from 2004 to 2006 nor the 200 day sma. The uptrend line was broken near $3.00 and did not break that downtrend line for 6 months after an 80% correction from the $6 top to near $1.50. The downtrend line was broken at $2.50 and maintained that uptrend line into 2015 at $25.00.
There was another trendline from 2010 to 2013 that I did not include but you get the idea that the majority of the money made was done when the Accumulation/Distribution line exploded in 2004 to 2006 when the stock rallied from .07 to $5.00.or 7100%.
https://stockcharts.com/h-sc/ui?s=MNST&p=D&yr=35&mn=3&dy=10&id=p66484993322&a=1431519193&listNum=1
Bullish
Bullish