CELH: I'm buying
Man... love energy drinks more than probably anyone in this world. So naturally, CELH has been on my radar as a long term add for quite a while. But, when I saw their logo in center ring for the Paul v. Tyson fight, I knew the time had come.
All jokes aside... the chart is looking like a reversal is possible.
Why buy here?
- Monthly candlestick momentum slowing beautifully
- Basing in the 3rd test of major trends from 2020; also in demand between $25-30
- Oversold on high time frame RSIs
- Attempting a weekly bullish engulfing candle (we'll know tmrw)
- Daily/Weekly Bullish Divergence between Price and the RSI/MACD
- Daily falling wedge forming
The party will really start when the wedge is broken and $30 is reclaimed. You can count on me being there when it does.
(Not financial advice)
All jokes aside... the chart is looking like a reversal is possible.
Why buy here?
- Monthly candlestick momentum slowing beautifully
- Basing in the 3rd test of major trends from 2020; also in demand between $25-30
- Oversold on high time frame RSIs
- Attempting a weekly bullish engulfing candle (we'll know tmrw)
- Daily/Weekly Bullish Divergence between Price and the RSI/MACD
- Daily falling wedge forming
The party will really start when the wedge is broken and $30 is reclaimed. You can count on me being there when it does.
(Not financial advice)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.