QS has broken out of the downtrend from July/August, retested it, and is continuing higher on increasing volume. The MACD is still bullish. Because of the MACRO breakout it's likely we squeeze higher. I missed the A+ trend retest entry but there's still a good Risk to Reward on this trade. Roughly 50-60% upside potential if it squeezes with a 20-25% SL below all...
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...
*Break and Retest Macro Structure of 29-28.50
*Daily Golden Cross
*Golden Pocket Retracement
*3rd Touch of Recent Daily Uptrend
*Inverse H&S Reversal Pattern from Lows
Trade Idea: I would like to see JD base in this golden pocket and consolidate sideways into the 3rd touch of the recent Daily uptrend. If it holds above 28-28.50 the macro higher low on the is...
