$CELH Looking Ripe for Bullish Reversal
Updated
Celsius (
CELH) looking ready to move up after hitting the 0.618 bullish fib reversal (Fib: AUG 9 2011) - Mar 11 2024 @ ATH). The green arrow marks the predicted path of the price Celsius can go based on historical price action.
Tools and Indicators
In one option call:
CELH 18 OCT 24 50c @ 0.32 (currently down 34% at 0.22)
ENTRY: $33.82
TARGET: $37.34
STOP LOSS: $30.50
Bullish Targets
$33.46 | Bullish Target 1🎯 - Previous Day High (Sep 6 '24)
$34.88 | 2🎯 - 50% of Last Week's Move (Tues, Sep 3-6)
$36.17 | 3🎯 - Aug 8 @ 10:30 (1h timeframe)
$37.72 | 4🎯 - Previous Weekly High📈 (Wed, Sep 4)
$38.08 | 5🎯 - 0.618 fib (Aug 9 2011 - Mar 11 2024)
Bearish Targets
$31.55 | Bearish Target 1🎯 - Previous Daily Low📉
$29.91 | 2🎯 - Weekly Target 1🔽
$28.10 | 3🎯 - Weekly Target 2🔽
$26.75 | 4🎯 - Weekly Target 3🔽
CELH) looking ready to move up after hitting the 0.618 bullish fib reversal (Fib: AUG 9 2011) - Mar 11 2024 @ ATH). The green arrow marks the predicted path of the price Celsius can go based on historical price action.Tools and Indicators
- Bullish Fibonacci (Aug 9 2011 - Mar 11 2024)
- Price Action (Previous Highs, Lows and Targets)
- MACD and RSI
In one option call:
CELH 18 OCT 24 50c @ 0.32 (currently down 34% at 0.22)ENTRY: $33.82
TARGET: $37.34
STOP LOSS: $30.50
Bullish Targets
$34.88 | 2🎯 - 50% of Last Week's Move (Tues, Sep 3-6)
$36.17 | 3🎯 - Aug 8 @ 10:30 (1h timeframe)
$37.72 | 4🎯 - Previous Weekly High📈 (Wed, Sep 4)
$38.08 | 5🎯 - 0.618 fib (Aug 9 2011 - Mar 11 2024)
Bearish Targets
$31.55 | Bearish Target 1🎯 - Previous Daily Low📉
$29.91 | 2🎯 - Weekly Target 1🔽
$28.10 | 3🎯 - Weekly Target 2🔽
$26.75 | 4🎯 - Weekly Target 3🔽
Trade closed: stop reached
Updated my Profit Target from $37.34 to $37 (under the Previous Weekly High).
Updated Stop Loss from $30.50 to $32.50 because contracts were down more than 50%.
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