simplenothing

CELH - Ready to move?

Long
NASDAQ:CELH   Celsius Holdings, Inc
CELH looks like it could pop here, in my opinion. I'm looking for 113 as a first target and then maybe 120?

The weekly chart especially shows some nice consolidation the past 6 weeks...
Comment: We'll see what this looks like on Monday. Right now it's struggling to retain the uptrend line.
Comment: Still holding. I think it still could see a nice move higher after seeing today's close.
Comment: Relaxed the trendline a bit. Currently using it and 20ma as support... still expecting this to move up eventually
Trade closed manually: I took a small profit on my options combo. Considering the price did exactly what I wanted, I did not structure my options well at all. Think I was up about .30 on a cost of 2.30... anyways. Stock still looks bullish, but earnings coming up, and I'm also out a couple days.
Comment: Luckily I got out for a gain. Not sure I would have expected it to weaken as it has before earnings are even announced.