CELH - Possible buy
Updated
Celsius Holding with ticker CELH is looking good in my opinion. This non alcoholic beverage company is ranking as the 2nd best company in this sector, Coca Cola is number 1. When we compare those two stocks, KO has a market cap of $260 billion and CELH has a market cap of just $15.64 billion.
The chart is looking pitch perfect, just like the financial data of the company itself.
What am I looking at:
1. Weekly chart is trying to break it's previous high level, sitting at around $69 per action. Stock has a lower trading volume then usual but this can change in a bit.
2. Daily chart, we are seeing increase in buying volume and no significant seller pressure on this stock. Stock regained it's 10EMA on the Daily on February 21st, and since then it has been rising.
3. The last support CELH is offering to us as an entry point is sitting at $69, this is the level I am closely watching for getting in.
4. Once the $69 gets broken, and I position myself, my stop loss level will be placed somewhere around $60.5.
5. $60.5, if the $69 resistance level is broken, is where the 21EMA will be. I plan to adjust my stop loss as time goes by. I will move my stop loss below 21EMA.
This is it for now. As always, I will keep you all updated regarding CELH.
The chart is looking pitch perfect, just like the financial data of the company itself.
What am I looking at:
1. Weekly chart is trying to break it's previous high level, sitting at around $69 per action. Stock has a lower trading volume then usual but this can change in a bit.
2. Daily chart, we are seeing increase in buying volume and no significant seller pressure on this stock. Stock regained it's 10EMA on the Daily on February 21st, and since then it has been rising.
3. The last support CELH is offering to us as an entry point is sitting at $69, this is the level I am closely watching for getting in.
4. Once the $69 gets broken, and I position myself, my stop loss level will be placed somewhere around $60.5.
5. $60.5, if the $69 resistance level is broken, is where the 21EMA will be. I plan to adjust my stop loss as time goes by. I will move my stop loss below 21EMA.
This is it for now. As always, I will keep you all updated regarding CELH.
Note
I hope that someone had entered in this stock. If you did, I am moving my stop loss up. I have two prices in mind, the first one is the entry price I had, $69.01, and the second one is sitting just slightly above, at $71.94.Still not sure where to put it, so if any of you have any ideas, I am open to any suggestions?
Note
My Stop Loss is currently set to $82.14, which is just below the previous low. If that gets hit, my position will be liquidated.
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