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...
