Celsius Holdings, Inc.
Long

$CELH Double Bottom Set-up?

263
Looks like we have a number of set-ups taking place on $CELH. First, I noticed that we may have a double bottom set-up. Next, I measured The Fibonacci Retrace from the beginning of last move higher and guess what, the last low is just about a 50% retrace. Many times taking a position at the 50% retrace can be successful. After that, I'm looking for this to break the recent down trend line (a set-up I like even though it's only successful about 1/2 the time). I'll be looking for an entry; 1. If the market improves, 2. It breaks the down trend line drawn and 3. If it does it with a volume increase. All TBD. Ideas, not investing / trading advice.

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