CELH in the AI subsector flies on Earnings- SHORT
CELH on the 15 minute chart broke out from a decent earnings reprto and has been part of the
IA stock surge. Is it over-extended? Will it follow NVDA in a downtrend? Is this Icarus getting
too close to the sun? Yes, I think so. The company name is Celcius and it fits the Greek
mythological person and story well.
Yes I think CELH will correct. It's in the cards for a lot of its peers. CELH has been hugging
the second upper VWAP band as resistance for several days and is at the upper bounds of the
high volume area for the profile. The slower RSI line is above 50 but the faster line in green is
below that important level. The Luxalgo predictive model forecasting the linear regression
line shows a trend down. This is a regression to the mean concept playing out.
I will open a short trade targeting the evolving PCO line at 82 and then the mean anchored
VWAP line at 78.5. A stop loss of 91.35 kicks in if instead price moves into a high volume
area breakout which is considerably less probable.
IA stock surge. Is it over-extended? Will it follow NVDA in a downtrend? Is this Icarus getting
too close to the sun? Yes, I think so. The company name is Celcius and it fits the Greek
mythological person and story well.
Yes I think CELH will correct. It's in the cards for a lot of its peers. CELH has been hugging
the second upper VWAP band as resistance for several days and is at the upper bounds of the
high volume area for the profile. The slower RSI line is above 50 but the faster line in green is
below that important level. The Luxalgo predictive model forecasting the linear regression
line shows a trend down. This is a regression to the mean concept playing out.
I will open a short trade targeting the evolving PCO line at 82 and then the mean anchored
VWAP line at 78.5. A stop loss of 91.35 kicks in if instead price moves into a high volume
area breakout which is considerably less probable.
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