CELH Buy Setup - 1/27 Risk/Reward Opportunity at Strong Support
CELH is offering another great buying opportunity after my stop-loss was triggered earlier (previous idea linked below). The price has returned to a strong support level, aligned with a bullish trendline that’s been guiding the stock upward. A small double bottom has formed, adding further confidence to the setup, alongside a bullish engulfing pattern and increased buying volume.The setup offers a solid 1:27 risk-to-reward ratio, with the next target being the all-time high (ATH). If support holds, there’s significant upside potential ahead.
Trade closed: stop reached
Once again on CELH the stop loss was triggered. Will follow next weeks how the price will be moving.
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
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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.
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Related publications
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.