FriscoTrades

$CELH Short Idea

Short
NASDAQ:CELH   Celsius Holdings, Inc
Took profits on my longs and flipped short (10/15 $85 Put) on Celsius .

Appears to be a top channel rejection with a pretty bearish engulfing candle. Small volume pocket below bears and profit taking could easily push this to $79. Bearish confluence on indicators as well.

Just praying reddit doesn't mention the ticker and it pumps to $500 : )

Comment: Need to see some selling pressure tomorrow or will exit the trade at a loss.

Impressive strength !