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$CELH great R/R
Celsius Holdings, Inc.
Long
$CELH great R/R
By WavesInvesting
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Jul 31
4
Jul 31
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
celsius
energystock
Technical Indicators
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Trend Analysis
Wave Analysis
WavesInvesting
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