$CELH Finding Support?

Has recently had 2 events: Earnings, which beat expectations and had an initial upward push on price then failed. Then it had a 3/1 stock split. One must wonder why the split as the market did not seem to like it.

The pullback, which is a little steep, may be finding support at both the most recent lows and a rising 40 Week MA (white). Of course, I do not know if it will be supported but I have an alert set on the downtrend line. Should it alert me, I will use a lower timeframe to see if there is a good risk reward entry. TBD.

On a closing basis, just over a 27% drop in price, not too severe and may present a good opportunity. There are several negative things to be aware of on this chart and that is, it is below the 50 DMA and all other shorter-term MA’s. Another is the selling volume has been heavy but declining.

This is one you may want to put on a watchlist as it has been a wall street darling. Maybe again? Of course, several closes below the 40-week MA would tell me that this whole idea is void.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

ノート

Looks like some nice consolidation here on $CELH. I have an alert set just over today's high. If it triggers I will look at a lower timeframe for my entry. All TBD.

ノート

is looking great here. I have a 1/2 sized position now and am well into the money. I am now using a trailing stop so this is now a no lose trade for me. I am hoping for some consolidation after running up over 10% in the last 2 days. Should it do that and resume higher I'll bring it up to a full sized position.

Brent_Calver

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I am under no obligation to post any action or update to any idea.

Follow me on "X" where I post more content.

他のメディア:

免責事項

これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。

Brent_Calver

他のメディア: