Despite the indicators showing a downtrend in the stock, I believe that the risk/reward ratio for 
CELH is quite favourable.
Why? The risk is mostly mitigated; even if the company reports less-than-stellar results, this is already factored into the price.
However, if it does report even slightly better than anticipated results, we might witness a rally.
Take note of the bullish divergence between the price and the MACD-Histogram.
What are your thoughts? Do you anticipate further decline or a potential bounce from this point?"
CELH is quite favourable. Why? The risk is mostly mitigated; even if the company reports less-than-stellar results, this is already factored into the price.
However, if it does report even slightly better than anticipated results, we might witness a rally.
Take note of the bullish divergence between the price and the MACD-Histogram.
What are your thoughts? Do you anticipate further decline or a potential bounce from this point?"
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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.