CELH | Informative | Fundamental and Technical Analysis
Updated
CELH Technical Analysis:
CELH has been exhibiting a bullish price action leading up to its upcoming earnings release. Based on chart analysis, I anticipate a potential 6% upward movement in the stock price until the ER day. However, there is a possibility of forming a head and shoulder pattern post-ER, which could signal a reversal in the trend. In the event of a decline, I expect CELH to find support at the 990 and
75 price levels.Fundamental Analysis:
CEHL, or Celsius Holdings, Inc., is a leading global wellness company that manufactures and markets a diverse portfolio of functional beverages. The company's flagship product, Celsius, is a fitness drink that provides energy and boosts metabolism. The company has experienced strong growth in recent years due to increased demand for health and wellness products. CELH has also made strategic acquisitions to expand its product portfolio and geographic reach. Despite the pandemic, CELH has reported strong financial results, Celsius Holdings' revenue for the twelve months ending December 31, 2022, was 0.654B, a 107.97% increase year-over-year. Celsius Holdings' annual revenue for 2022 was 0.654B, a 107.97% increase from 2021. Celsius Holdings' annual revenue for 2021 was 0.314B, a 140.41% increase from 2020. The company's strong fundamentals and growth potential make it an attractive investment opportunity.
Trade closed: target reached
it hit my bullish target, now I expect a bearish price action
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