CELH 9/12/2021Celsius Holdings, Inc. (CELH)
Sector: Consumer Non-Durables (Beverage)
Current Price: $91.45
Breakout price trigger: $90.00 (hold above)
Dip Buy levels: $88.80, $82.30, $79.80
Price Target: $98.00-$100.00 (1st), $117.80-$118.20(2nd)
Estimated Duration to Target: 13-15 days (1st), 105-115 days (2nd)
Contract of Interest: $CELH 1/22/22 100c
Trade price as of publish date: $12.55/cnt
CELH trade ideas
$73 Resistance, $66 SupportRight now is a consolidation phase. I wouldn't buy any options right now until a direction is confirmed. It could be a few weeks before CELH breaks out of the current pennant. Given the current volume and MACD action, it is more than likely going to trend a little lower before making an attempt to breakout. Breaking out of the current trend could signal a test of the BBand of $75. Falling out of the pennant could mark a test of long term support around $60.
$CELH going into earningsNeutral on $CELH at the moment.
Looking into earnings, I expect them to have great numbers, but with market sentiment so high, not really sure how is going to move. Because is trading on the nasdaq, I feel has been hammered down too much lately...
That being said, looking at the technical, it seems to be near an ascending triangle support, which indicate a possible bullish move. The stock has been downtrending for the past week/week and half and the MACD is still trending down.
I was expecting this to be moving higher, since could be categorised also as reopening trade and most of similar retail company were moving higher... Granted is a tiny company compare a $MNST.. But this could be at its advantage..
If management shows during next week earnings call that they were able to fix the bottleneck issue with supply, this will be trading much higher!
Waiting for $CELH to skyrocketI like the way $CELH is looking right now!!
After dipping on earnings report, where expectation were too high, the company is bouncing back.
IMO the selloff was due to a few factors coming together:
- Broader market selle off and repositioning,
- increase in 10 years treasury yield,
- inflation pressure
From a stock prospective, $CELH had some issue with inventory management, in the sense that they could not bring enough products on shelves or stores. This was due, not for a problem with distribution, but the way that the company sells to stores. Because they do not keep inventories, after the demand surged, there were no product available..
On the plus side, I believe that if the company can fix this temporary problem, is well position for the future. I like $CELH especially because is a mix of growth and re-opening stock.
From the technical side, MACD just turned positive and RSI is trading in the mid range. I will be waiting for volume to kick in before adding in a meaningful way.
However, for transparency, today I entered a small position of 1000 shares and look to increase in the weeks ahead on any pullback or on any positive news.
As usual, do your own DD
Happy hunting!
CELH, Long My plan was originally to wait for an opportunity to but the breakup on CELH , normal with these super performance growth stocks I have found the best way to enter is to buy near break of prior high on volume, giving yourself the highest probability of success as you have a confirmation of uptrend.
However, here I have entered on the dip due to the consequent reaction after the earnings miss . We saw the initial gap down which was immediately followed by a massive buying volume. These massive candles are a good way, imo, to help us see institutions are buying. And that's important ! Clearly, even though CELH missed on recent earnings, the market is pricing in future growth and seeing the dip as an opportunity. The earnings call transcript strongly supports this theory.
I have taken my initial position , my trading plan, if we break prior highs , is to use paper profits to average up but do so without increasing my current risk thus increasing my potential for gain while still respecting risk.
Good luck ~
$CELH Double Bottom Set-up?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.
CELH Next Monster Bev? 11 minutes ago
Celsius Holdings , Inc. is engaged in the development, marketing, sale and distribution of functional calorie-burning fitness beverages under the Celsius brand name. The Company's products are sweetened with sucralose, which is suitable for consumers whose sugar intake is restricted. The Company's Celsius brand uses ingredients and supplements, such as green tea (EGCG), ginger, calcium, chromium, B vitamins and vitamin C. The Company outsources the manufacturing process to third-party co-packers. It offers Celsius brand in various flavors, including carbonated flavors, such as orange, wild berry and cola, and non-carbonated green tea raspberry/acai, and green tea/peach mango. Its beverages are sold in 12-ounce cans. It also markets the ingredients in powdered form in individual On-The-Go packets, as well as multiple serving canisters. It sells Celsius brand across retail segments, which include supermarkets and convenience stores.
MARKET CAP: SMALL 4.7B
Float 28.2M
Shares Outstanding71.7M
Institutions Holding Shares155%
Held by Institutions53.93%
current next qtr. current yr next yr.
Sales Growth (year/est) 43.60% 34.00% 72.60% 31.50%
Beat earnings last 3 of 4 qtrs.
14 week base before breakout
Hold Gained 25.37% since buy; place stop at break-even; extended past the 10 day; Frothy at this point- 13% above the 10 day EMA . Will add to position if stock builds a new base
(Not meant for trading advice. This is for the educational purposes of myself and others, if interested)