CELH has been in a flag pattern for a couple months now with the selling power fading away. We had a false break over the trend resistance but found support at the .618% fibonacci extension level. You can either enter on the break and hold over trend resistance or enter at mid way trend support.
Stop loss: Break down below bottom trend support.
Have been keeping my eye on this stock. I personally use Celsius when Gyms are open here In LA, and love it. Will look for a buying opportunity. Not a financial advisor. Thanks to Mathew Huo to confirm my speculations on this company.
The chart looks like it is testing the lower trend line. Possibly seeing another test of the $23 range here on the short term. If it does break it we could possibly see $25 in the coming months
$CELH going up steady AFTER EARNINGS!! Buy stocks going up after earnings and hold till the next ER! Unless the Trading System tells you to sell before ER!
Celsius is a maker of calorie-burning beverages and has been booming along post-covid. A suggestion from my sister as one to watch. Might be a bit expensive right now, but certainly worth a watch.
Today I'm going to talk a bit about relative value trading, something that almost nobody on this site is familiar with. The best way to learn about it is by running through an example.
I've been watching this trade for a long time, and it's finally starting to perk its head up again. CELH is an awesome, high rev growth and high margin business in the beverage...
I am generally long on this stock. However, we are seeing an upward tilted broadening wedge pattern form on CELSIUS HOLDINGS INC. The bottom of the wedge is broken and so it is likely that price will eventually return to the low point of the formation.
After the pull back to MV. AVG CELH has three big green day with great volume yesterday.
High chance of another big green day.
Stop loss suggestion - 5.28
$CELH is on the verge of a breakout this morning. A buy stop at $5.01 will really get this stock moving and the shorts scrambling to cover.
About $CELH
Celsius Holdings, Inc., founded in April 2004, is a global company with a proprietary, clinically proven formula for its brand CELSIUS®. Celsius Holdings, Inc. has a corporate mission to become the global leader...
